DBS, Singapore's largest bank, has announced plans to launch over-the-counter (OTC) Bitcoin and Ethereum options trading for its institutional and accredited wealth clients in the fourth quarter of 2024. This move signifies a growing acceptance of cryptocurrency assets within traditional financial institutions.

The introduction of OTC options trading will provide DBS's high-net-worth clients with more sophisticated tools for managing their digital asset portfolios. By offering these options, DBS aims to cater to the increasing demand for diversified investment strategies in the cryptocurrency market.

This development underscores the evolving landscape of digital finance, where traditional banking institutions are increasingly integrating cryptocurrency services to meet client needs.