{"id":67463,"date":"2022-09-25T09:07:25","date_gmt":"2022-09-25T09:07:25","guid":{"rendered":"https:\/\/www.cryptocabaret.com\/?p=67463"},"modified":"2022-09-25T09:07:25","modified_gmt":"2022-09-25T09:07:25","slug":"southeast-asias-largest-bank-dbs-launches-self-directed-crypto-trading-amid-institutional-demand","status":"publish","type":"post","link":"https:\/\/www.cryptocabaret.com\/?p=67463","title":{"rendered":"Southeast Asia\u2019s Largest Bank DBS Launches Self-Directed Crypto Trading Amid Institutional Demand"},"content":{"rendered":"

\"Southeast<\/p>\n

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\u2019s digital asset exchange and trade cryptocurrencies, including bitcoin and ether.<\/strong><\/p>\n

DBS Launches Self-Directed Crypto Trading<\/h2>\n

DBS, the largest bank in Southeast Asia, announced Friday that it \u201chas rolled out self-directed crypto trading via DBS digibank.\u201d The announcement details:<\/p>\n

\n

Eligible clients can now trade cryptocurrencies on DBS Digital Exchange (Ddex) through DBS digibank at their convenience.<\/p>\n<\/blockquote>\n

The DBS digital asset exchange currently supports the trading of four cryptocurrencies \u2014 bitcoin, bitcoin cash, ether, and XRP<\/a>. Previously, crypto trading on the exchange was limited to corporate and institutional investors, family offices, and the bank\u2019s private wealth management clients.<\/p>\n

With Friday\u2019s launch, DBS explained:<\/p>\n

\n

For a start, an estimated 100,000 investors in Singapore meet this criteria, and are eligible to access the services offered by DBS\u2019 digital assets ecosystem.<\/p>\n<\/blockquote>\n

Sim S. Lim, an executive in the bank\u2019s Consumer Banking and Wealth Management, opined: \u201cBroadening access to Ddex is yet another step in our efforts to provide sophisticated investors looking to dip their toes in cryptocurrencies with a seamless and secure way to do so.\u201d<\/p>\n

In August, DBS said that the trading volume on its digital asset exchange soared<\/a>. \u201cInvestors who believe in the long-term prospects of digital assets are gravitating towards trusted and regulated platforms to access the digital asset market,\u201d the bank said. The bank also recently entered the metaverse<\/a> by partnering with The Sandbox.<\/p>\n

DBS Bank Group CEO Piyush Gupta said<\/a> in March that he does not think cryptocurrency will become money but noted that \u201cit can be an alternative to gold and its value.\u201d<\/p>\n

What do you think about DBS launching self-directed crypto trading via its app? Let us know in the comments section below.<\/strong><\/em><\/p>\n

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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\u2019s 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 \u201chas rolled out self-directed crypto […]<\/p>\n","protected":false},"author":2,"featured_media":67464,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[309],"tags":[],"class_list":["post-67463","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/67463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=67463"}],"version-history":[{"count":0,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/67463\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/media\/67464"}],"wp:attachment":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=67463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=67463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=67463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}