1 year ago
The largest slope successful Southeast Asia, DBS, has launched self-directed cryptocurrency trading via its app. More customers are present qualified to entree the bank’s integer plus speech and commercialized cryptocurrencies, including bitcoin and ether.
DBS Launches Self-Directed Crypto Trading
DBS, the largest slope successful Southeast Asia, announced Friday that it “has rolled retired self-directed crypto trading via DBS digibank.” The announcement details:
Eligible clients tin present commercialized cryptocurrencies connected DBS Digital Exchange (Ddex) done DBS digibank astatine their convenience.
The DBS integer plus speech presently supports the trading of 4 cryptocurrencies — bitcoin, bitcoin cash, ether, and XRP. Previously, crypto trading connected the speech was constricted to firm and organization investors, household offices, and the bank’s backstage wealthiness absorption clients.
With Friday’s launch, DBS explained:
For a start, an estimated 100,000 investors successful Singapore conscionable this criteria, and are eligible to entree the services offered by DBS’ integer assets ecosystem.
Sim S. Lim, an enforcement successful the bank’s Consumer Banking and Wealth Management, opined: “Broadening entree to Ddex is yet different measurement successful our efforts to supply blase investors looking to dip their toes successful cryptocurrencies with a seamless and unafraid mode to bash so.”
In August, DBS said that the trading measurement connected its integer plus speech soared. “Investors who judge successful the semipermanent prospects of integer assets are gravitating towards trusted and regulated platforms to entree the integer plus market,” the slope said. The slope besides precocious entered the metaverse by partnering with The Sandbox.
DBS Bank Group CEO Piyush Gupta said successful March that helium does not deliberation cryptocurrency volition go wealth but noted that “it tin beryllium an alternate to golden and its value.”
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