Introduction to the Key Features of the SCEX Exchange
What are the key features of the SCEX exchange?Based on the information released,CEX is currently in the process of preparing the necessary documents and infrastructure to apply for a license to provide cryptocurrency trading market services from the Ministry of Finance, in accordance with Resolution 05/2025/NQ-CP. SCEX is building a product portfolio centered around the needs of Vietnamese users, ranging from asset custody, VND trading, bank deposits/withdrawals, portfolio management, to expanding into tokenized physical assets.Vietnam Crypto Exchange
However, since SCEX is still undergoing the evaluation process for licensing as a cryptocurrency exchange, the features below should be understood as information published by the platform, not confirmation that the exchange has been officially licensed to operate.
Project features
– Cryptocurrency custody : SCEX uses a centralized custody model, where the platform holds asset keys on behalf of users. Client assets are segregated from the exchange’s operational assets and supports several popular assets such asBTC,ETH,SOL,BNBandTRX.
– Spot transactions in VND : Users can buy and sell digital assets directly using VND, without needing to convert it to another currency.SIMTor an intermediary stablecoin. SCEX supports order matching via order book along with order types such as market orders, limit orders, stop-market orders, and stop-limit orders.
– 24/7 VND Deposit/Withdrawal : SCEX allows VND deposits and withdrawals via Vietnamese bank accounts, reducing reliance on peer-to-peer transactions with third parties. The platform also mentions connections with Sacombank and LPBank in the deposit/withdrawal section.
– Electronic identity verification : A platform supporting identity verification via citizen identification cards on mobile phones, connected to the C06 database of the Ministry of Public Security, serving the requirements of user identification, anti-money laundering, and legal compliance.
– Portfolio and Profit/Loss Management : SCEX provides a dashboard for tracking assets, portfolio value, and profit/loss in real time, helping users manage their investments more effectively and efficiently.
– Tax reporting : The tax reporting feature supports the aggregation of transaction history, calculation of profit/loss, and report generation, aligning with the trend towards greater transparency in cryptocurrency transactions.current regulationsIndividual investors will be taxed 0.1% on the transfer (sale) value of cryptocurrency assets.
– Tools for professional traders : SCEX introduces an order matching system, a sophisticated trading interface, 24/7 VND deposit/withdrawal, and automatic tax reporting for users who need proactive trading.
– Security and asset protection : The platform emphasizes elements such as asset insurance funds, multi-tiered distributed storage, segregated custody, data security, and risk management.
– Asset transparency : SCEX refers to a reserve proof mechanism aimed at increasing transparency and verifiability of assets, especially for long-term investors.
– Oriented towards tokenized real assets : SCEX aims to expand into tokenized real assets such as bonds, real estate, or infrastructure projects. For institutional clients, the platform also mentions a business connectivity interface and a portal supporting the issuance of tokenized real assets.
