DBS Bank, the largest bank in Southeast Asia by assets, is planning to launch cryptocurrency trading services for retail clients this year, expanding into the space following its launch of an institutional digital asset trading desk in late 2021.
DBS Bank, the largest bank in Southeast Asia by assets, is planning to launch cryptocurrency trading services for retail clients this year, expanding into the space following its launch of an institutional digital asset trading desk in late 2021.
And there we are, the circle is full.
Everybody: Let’s start a currency where we exclude the banking system
Banks: lets create a crypto exchange so we can earn money!
Singapore seems to be on forefront of Crypto, could be a real world economy powerhouse in ten years.
The snowball keeps getting bigger, I like.
If you can’t beat them. Might as well join the them
Whatever you do, there’s an asian better than you.
I always knew deep inside me, that Asians will be the ones who will implement crpyto tech first. Seems like they are always first when it comes to tech. 🙂 Im glad.
Either adopt or lose out. Smart move.
tldr; Singapore-based DBS Bank is planning to launch cryptocurrency trading services for retail clients this year, expanding into the space following its launch of an institutional digital asset trading desk in late 2021. DBS CEO Piyush Gupta during the bank’s fourth-quarter earnings call on Monday said there is a roadmap in place though declined to give further specifics. The bank in December 2020 established a crypto exchange division called DBS Digital Exchange backed by SGX.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*