Crypto Daily – DBS, Singapore’s largest bank, is launching over-the-counter and options trading for its institutional and accredited wealth clients in Q4 2024.
DBS’s New OTC Services
Singapore’s largest bank, DBS, is set to expand its digital asset offerings by launching over-the-counter (OTC) options and structured notes linked to Bitcoin and Ethereum. This move, expected to be available to the bank’s institutional and accredited wealth clients in the fourth quarter of 2024, marks DBS as the first Asian-headquartered bank to introduce financial products directly tied to the value of these leading cryptocurrencies.
New Service for Institutional Clients
The bank’s recent press release indicated that this development aims to provide institutional investors with more sophisticated options for digital asset exposure. Eligible clients will now be able to diversify their crypto portfolios through tailored Bitcoin and Ethereum options, complementing the existing…
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