SINEGY: licences, security, fees and reviews
Centralized exchange
In short
- Legal entity
- Sinegy Dax Sdn. Bhd. (202101024496 [1424796-U])
- Fees
- Spot maker: 0% on all MYR pairs
- Risks and caveats
- Custodial exchange: SINEGY keeps full control of the private keys for user accounts.
- Checked
- 31 October 2026
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Key facts
- Type
- Centralized exchange
- Operator
- SINEGY DAX Sdn. Bhd. (1424796-U), Recognized Market Operator registered with the Securities Commission Malaysia
- Official site
- exchange.sinegy.com
Key facts checked on 31 October 2026 against official sources and regulator registers.
What is SINEGY
SINEGY is a centralised digital asset exchange in Malaysia for trading crypto against the Malaysian ringgit (MYR). It is operated by SINEGY DAX Sdn. Bhd., which the Securities Commission Malaysia lists as a registered Recognized Market Operator for digital asset exchanges.
Good to know
- The SC's 4 June 2019 registration named SINEGY Technologies (M) Sdn Bhd; today's operator is SINEGY DAX Sdn. Bhd., a wholly owned subsidiary of SINEGY Technologies (M) Sdn. Bhd. ↗
- Only five crypto assets are listed for trading, all against MYR: BTC, ETH, SOL, XRP and ADA. ↗
- Losses on digital assets are not covered by PIDM deposit insurance or the Capital Market Compensation Fund. ↗
- Users do not hold their own keys: SINEGY keeps full ownership and control of the private keys for user accounts. ↗
- MYR deposits must come from a bank account in the user's own name that matches the verified SINEGY account. ↗
Services
| Parameter | Details |
|---|---|
| Spot trading | BTC, ETH, SOL, XRP and ADA against MYR |
| Fiat deposits | MYR deposits by FPX or bank transfer |
| Custody / wallet | Custodial; part of user assets in multi-signature cold storage co-maintained by a registered trustee |
| Mobile app | iOS and Android app |
Licences and registrations
| Jurisdiction | Entity | Licence / registration | Regulator |
|---|---|---|---|
| Malaysia | SINEGY DAX Sdn Bhd | Registered Recognized Market Operator - Digital Asset Exchange (SC list updated 20 July 2026) | Securities Commission Malaysia (SC) |
| Malaysia | SINEGY Technologies (M) Sdn Bhd | Registered as one of the first three DAX operators on 4 June 2019 | Securities Commission Malaysia (SC) |
Security and audits
- SINEGY says user digital assets and MYR funds are held by a regulated trustee.
- Part of user digital assets is kept in multi-signature cold storage co-maintained by a registered trustee, with keys in a vault.
Security incidents
No security incident is recorded in the sources checked on 31 October 2026 (the company’s own channels and incident databases): defillama.com/hacks, rekt.news/leaderboard, hacked.slowmist.io/search, exchange.sinegy.com, sinegyexchange.zendesk.com/hc/en-us, sc.com.my/regulation/guidelines/recognizedmarket
Fees
| Parameter | Details |
|---|---|
| Spot maker | 0% on all MYR pairs |
| Spot taker | 0.25% on all MYR pairs |
| Deposits | FPX transfer fee RM2.50 |
Who can use it
- Verification: Identity verification (KYC) is required; limits depend on the verification level. Users must be at least 18.
- Not available to nationals or residents of Iran, North Korea, Cuba, Sudan or other countries under US embargoes, UN sanctions or HM Treasury sanctions, or to sanctioned persons.
History
| Date | Event |
|---|---|
| 4 June 2019 | The Securities Commission Malaysia registered SINEGY Technologies (M) Sdn Bhd as one of three Recognized Market Operators for digital asset exchanges, with up to nine months to comply fully. |
| — | SINEGY was established in George Town, Penang. |
| — | SINEGY obtained full approval as a Digital Asset Exchange (DAX) operator. |
| — | SINEGY partnered with the brokerage UOB Kay Hian. |
Risks and caveats
- Custodial exchange: SINEGY keeps full control of the private keys for user accounts.
- Digital asset losses are not covered by PIDM or the Capital Market Compensation Fund.
- SINEGY disclaims liability for losses from software, hardware or connectivity failures of its trading system.
- Trading is paused during scheduled maintenance windows.
About the company
- Legal entity
- Sinegy Dax Sdn. Bhd. (202101024496 [1424796-U])
- Parent company
- Sinegy Technologies (M) Sdn. Bhd. (963101-W)
- Headquarters
- Wisma Leader, 8 Jalan Larut, Unit 3.2, 10050 George Town, Penang (SC register address)
- Formerly
- The trading platform was earlier called SINEGY Marketplace
Official links
- Website: exchange.sinegy.com
- Fees: exchange.sinegy.com/fees
- Terms of use: exchange.sinegy.com/terms-of-service
- Status: exchange.sinegy.com/asset-status
- Licences: www.sc.com.my/regulation/guidelines/recognizedmarkets/list-of-registered-digital-asset-exchanges
Questions and answers
Is SINEGY regulated?
Yes. SINEGY DAX Sdn Bhd is on the Securities Commission Malaysia's list of registered Recognized Market Operators for digital asset exchanges (updated 20 July 2026).
What are SINEGY's trading fees?
On 31 October 2026 the fee page showed 0% maker and 0.25% taker on all MYR pairs.
Who owns SINEGY?
The exchange is operated by Sinegy Dax Sdn. Bhd., a wholly owned subsidiary of Sinegy Technologies (M) Sdn. Bhd., based in George Town, Penang.
Which coins can I trade on SINEGY?
BTC, ETH, SOL, XRP and ADA, each against the Malaysian ringgit (MYR).
Does SINEGY publish proof of reserves?
No proof-of-reserves report is published; SINEGY says user assets and MYR funds are held by a regulated trustee.
Sources
- SINEGY — home
- SINEGY — Exchange fees
- SINEGY — Terms of Service
- SINEGY — Asset status
- SINEGY — About us (Wayback 18 January 2025)
- Securities Commission Malaysia — List of Registered Digital Asset Exchanges
- Securities Commission Malaysia — SC registers three digital asset exchanges (4 June 2019)
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