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In the fourth quarter of 2024, DBS Bank plans to introduce structured notes and over-the-counter (OTC) crypto options trading as part of its expansion into new digital asset services.
Notably, institutional clients looking to gain exposure to popular cryptocurrencies like Ethereum and Bitcoin are the target audience for this move. The bank's continued commitment to incorporating digital assets into conventional financial services is demonstrated by this development.
https://twitter.com/Cointelegraph/status/1835965970113864011 Institutional Investors Gain New Avenues
Consequently, DBS clients will be able to trade options linked to Ethereum and Bitcoin beginning in late 2024. Investors can protect themselves from the cryptocurrency market's price volatility with these contracts.
Besides, professional investors are increasingly allocating more money to digital assets, and this expansion is in line with that trend. Institutional clients now have greater portfolio management options with the introduction of structured notes in addition to cryptocurrency options.
Furthermore, DBS Group Head of Trading and Structuring Jacky Tai stressed that the new products allow customers to use cutting-edge techniques to diversify their holdings of digital assets.
Additionally, crypto options contracts will protect customers from market volatility by being able to purchase or sell Bitcoin at a predetermined price. Customers of DBS who currently own Ethereum and Bitcoin can also use options to control the risks brought on by market swings. The bank protects investors from potential losses in the event that market prices decline by providing put options, which enable investors to sell Bitcoin at a fixed price.
DBS Extends its Blockchain Strategy
Notably, DBS's larger plan to strengthen its position in the digital asset market includes the launch of this new service. Blockchain technology has been progressively incorporated into the bank's operations. To help corporate clients manage their liquidity better, DBS introduced Treasury Tokens on a blockchain in August 2024 as part of a pilot program.
Furthermore, the bank has been investigating the application of blockchain technology to expedite government grant distribution procedures, indicating its dedication to utilizing cutting-edge technologies.
Therefore, the latest offering from DBS Bank solidifies Singapore's position as a major player in the digital finance industry, as the nation continues to lead the world in the adoption of cryptocurrencies.
According to a recent Henley & Partners study, Singapore is the most crypto-friendly jurisdiction in the world. This status is further reinforced by the bank's integration of digital asset services, which is in line with the favourable regulatory climate in the nation.
The post DBS Bank to Offer Crypto Options Trading in Q4 2024 appeared first on Crypto News Land.
