Singapore’s DBS Bank Expands Crypto Trading Services, Offering Four Cryptos To Premium Clients

DBS, the largest bank in Southeast Asia, has announced the roll-out of crypto trading services through Digibank, allowing its wealthy clients with reputations as accredited investors to trade in cryptocurrencies.

DBS Expands Crypto Services

DBS Group Holdings Ltd., Singapore’s largest bank, has announced the expansion of its crypto trading service to its members-only digital exchange, Digibank.

Accredited investors will now have access to trading options in Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and XRP on its digital exchange (DDEx), with minimum investments starting from $500. 

Speaking on its self-directed investment service, DBS Bank said: “Having their cryptocurrency holdings makes it easier for clients to stay on top of their investments across traditional and alternative asset classes.”

DBS Moves Deeper Into Crypto

Speaking on the bank’s latest move, a senior executive at DBS said that the company is aiming to stay ahead of the curve and “provide sophisticated investors looking to dip their toes in cryptocurrencies with a seamless and secure way to do so.”

DBS Bank launched its DBS Digital Exchange (DDEx) in 2021. Following the expansion of its services, the bank boasts that approximately 100,000 of its clients in Singapore will be able to access the services offered in the DBS digital asset ecosystem.

On the Flipside

  • DBS also recently took its first steps to enter the metaverse, inking a partnership with The Sandbox to extend DBS banking services into the metaverse.

Why You Should Care

The expansion of DBS’s crypto services highlights the increasing acceptance and integration of crypto in the traditional finance industry.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

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Milko is a DailyCoin reporter, mainly focused on Ethereum (ETH), Cardano (ADA), and their founders (Vitalik Buterin and Charles Hoskinson). Milko is an avid follower of crypto and blockchain technology and has written thousands of articles on the subjects. He finds joy in transforming complex issues into written content that anyone can understand. Milko has used and analyzed numerous exchanges, such as Coinbase, FTX, and Binance. He also closely follows all of the latest news around the largest decentralized exchanges (DEXs).