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Singapore's largest bank, DBS Bank, has announced that it will offer over-the-counter (OTC) cryptocurrency options trading and structured notes to its corporate clients.
DBS Bank said in its statement that starting from the fourth quarter of 2024, customers who want to invest in Bitcoin and Ethereum will be able to invest in BTC and ETH through options trading and structured notes.
According to DBS, the new offering will allow clients to hedge their Bitcoin and Ethereum positions against market volatility through options contracts, allowing them to sell their assets at a fixed price in the future.
“DBS today announced that it will launch over-the-counter cryptocurrency options trading and structured notes for eligible institutional investors and accredited asset clients.
It is the first Asia-based bank to offer financial products whose value is tied to the price of Bitcoin and Ethereum, the two largest cryptocurrencies by market capitalization.
Eligible clients who store Bitcoin and Ethereum with DBS can also hedge their positions against market volatility and potentially generate returns through various option structures.”
The bank recently added that the number of active trading customers on its digital exchange DDEx increased by 36 percent, while the digital assets held by the bank increased by over 80 percent in Singdollar terms.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/a-huge-bitcoin-btc-and-ethereum-eth-move-came-from-singapores-largest-bank/" rel="noopener noreferrer nofollow">A Huge Bitcoin (BTC) and Ethereum (ETH) Move Came From Singapore's Largest Bank!</a>

A Huge Bitcoin (BTC) and Ethereum (ETH) Move Came From Singapore's Largest Bank!

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