Bank

bullish

Value

Burn

Bitcoin

<ul class="wp-block-list">
 <li>DBS Bank becomes the first major Asian bank to offer OTC options trading for Bitcoin and Ethereum.</li>
 <li>DBS Digital Exchange’s trading value nearly tripled in early 2024.</li>
</ul>
Singapore’s largest bank, DBS Bank which has its digital exchange DDEx, is set to enhance its cryptocurrency services by <a href="https://thenewscrypto.com/singapore-dbs-bank-launches-blockchain-issued-government-grants-pilot/" target="_blank" rel="noopener noreferrer nofollow">launching</a> over-the-counter options trading for Bitcoin and Ethereum. In a <a href="https://www.dbs.com/newsroom/DBS_to_launch_crypto_options_trading_and_structured_notes_for_institutional_investors_and_wealth_clients" target="_blank" rel="noopener noreferrer nofollow">press release</a> on Tuesday, DBS announced that it will provide advanced cryptocurrency trading tools and structured notes to its corporate clients.&nbsp;
This move marks a significant milestone as DBS becomes the first major Asian bank to offer crypto options trading. The new service will enable institutional investors to gain sophisticated exposure to Bitcoin and Ether, the two leading digital assets by market capitalization.&nbsp;
Jacky Tai, DBS Group’s <a href="https://www.linkedin.com/in/jacky-tai-a366449/?originalSubdomain=sg" target="_blank" rel="noopener noreferrer nofollow">Head of Trading</a>, emphasized the rising institutional appetite for digital assets. He stated,
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “These financial products are an expansion of the bank’s value proposition to provide clients trusted institutional-grade access to the digital asset ecosystem. Now, our clients have an alternative channel to build exposure to the asset class and incorporate advanced investment strategies to better manage their digital asset portfolios.”
</blockquote>
This strategic expansion is part of DBS’s ongoing efforts to integrate Web3 technologies and enhance its digital asset services. The introduction of cryptocurrency options trading positions DBS as a pioneer in the Asian financial sector. Showcasing its commitment to expanding access to innovative financial products and services.
<h3 class="wp-block-heading" id="h-dbs-trading-value-tripled-in-early-2024">DBS Trading Value Tripled in Early 2024</h3>
DBS <a href="https://thenewscrypto.com/dbs-bank-launches-treasury-tokens-for-enhanced-liquidity-management/" target="_blank" rel="noopener noreferrer nofollow">Digital Exchange</a> has seen its trading value nearly triple within the first five months of 2024. This significant surge underscores the growing interest in digital assets and highlights the increasing adoption of the exchange’s services.&nbsp;
In addition, the impressive growth reflects the expanding role of DBS Digital Exchange in the cryptocurrency market, driven by heightened institutional participation and a broader acceptance of digital assets. The exchange’s robust performance in 2024 signals a strong market presence. And sets a positive trajectory for future developments as it continues to cater to the evolving needs of its investors. With the launch of new cryptocurrencies, a bullish signal is anticipated.
Highlighted Crypto News today: <a href="https://thenewscrypto.com/shiba-inu-burn-surge-fuels-breakout-hopes-amid-consolidation/" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu Burn Surge Fuels Breakout Hopes Amid Consolidation</a>

DBS to Expand Crypto Services with OTC Options Trading

Table of Contents

TheNewsCrypto

Other articles published on Sep 17, 2024

Breaking News: More than 50 Crypto Tokens including ADA, LUNA, and TRX Now Considered Securities ...

What Is the Telegram-Based Catizen Game?

Hedera Becomes Founding Premier Member of Linux Foundation’s New Decentralized Trust Initiative

PancakeSwap Launches AI-Powered Prediction Bot on Telegram

Hedera Becomes Founding Premier Member of Linux Foundation’s New Decentralized Trust Initiative

What Makes Solana “Core Trade?” Analyst Reveals

Join our free newsletter for daily crypto updates!