DBS

DBS, Singapore's largest bank, is launching over-the-counter Bitcoin and Ethereum 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…

The post Singapore’s Largest Bank “DBS” Is Reportedly An Ether Whale With Holdings Of $650 Million In ETH! appeared first on Coinpedia Fintech News The Development Bank of Singapore Limited (DBS), the largest bank in Singapore has turned out to be an Ethereum (ETH) whale with a holding of 173,753 ETH tokens valued at approximately $650 Million according to Nansen. The address has already recorded a profit of $200 Million from their holdings. CoinDesk reached out to the bank seeking…

Singapore's largest banking company, DBS, recently launched a leading cryptocurrency trading service, DBS Digital Exchange, in a soft-launch. The trading platform will allow users to trade four crypto assets - Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), and XRP - against the Singapore dollar (SGD) and the Hong Kong dollar (HKD), Japanese yen (JPY), and US dollar (USD). DBS Bank's most dominating shareholder is Temasek Holdings, Singapore's second-largest sovereign wealth fund, owning 29% of DBS shares. A Different Approach from…