Singaporean Bank Leads Asia With First Of Its Kind Crypto Options
By being the first Asian bank providing over-the-counter (OTC) crypto options and structured notes, Singapore’s DBS Bank is creating waves in the financial industry. Originally scheduled for Q4 2024, these products will mostly target institutional investors and accredited wealth clients, giving them more investment options connected to significant cryptocurrencies like Bitcoin and Ethereum. Related Reading: […]
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The Singaporean multinational banking and financial services corporation DBS published an announcement revealing it was launching a cryptocurrency exchange. The announcement was later removed by the company, but crypto proponents have learned about the upcoming support for assets like bitcoin, ethereum, and bitcoin cash. DBS Bank Ltd is Southeast Asia’s largest bank in terms of assets under management (AUM), as the corporation’s 100+ branches hold more than $600 billion today. The bank published information on the subject and then swiftly removed the announcement. However, a....
Fidelity Digital Asset Services has revealed the company is expanding into Asia and plans to help high-net-worth investors and family offices in the region with custodial crypto products. Fidelity is working with the Singaporean startup Stack Funds, a fully-insured custody operation servicing traditional financial institutions. Fidelity Investments Inc., is an American multinational financial services corporation that operates a subsidiary called Fidelity Digital Asset Services (FDAS). As of June 2020, the Boston-based Fidelity is one of the largest asset managers worldwide with $3.3....
Singaporean cryptocurrency exchange CoinHe is furthering investment into the South-East Asia (SEA) DeFi landscape, by way of a $1 million dollar investment in open-source protocol Xpool. The investment shows a continued focus by CoinHe to invest in DeFi throughout Asia. The company signed an MOU with Xpool, with the team citing their intent to establish […]
meXBT, a bitcoin exchange based in Mexico, recently expanded its operations to Singapore and even acquired local bitcoin brokerage CoinRepublic. The Mexican company has plans to further expand its reach in the Asia-Pacific marketplace. With its acquisition of CoinRepublic, the most respected and established bitcoin brokerage in Singapore, meXBT can be able to benefit from a large network of local banks, bitcoin exchanges and financial institutions. This will enable meXBT to enter the Singaporean market with ease and establish itself as a major bitcoin exchange in the country. Bitcoin....
The largest bank in Southeast Asia, DBS, has launched self-directed cryptocurrency trading via its app. More customers are now qualified to access the bank’s digital asset exchange and trade cryptocurrencies, including bitcoin and ether. DBS Launches Self-Directed Crypto Trading DBS, the largest bank in Southeast Asia, announced Friday that it....