DBS
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š¦ $650M #Ethereum whale holding 173.7k $ETH has been identified by Nansen as DBS, Singapore's largest bank with assets totaling S$739B as of Dec 31, 2023.
This address has made over $200M by holding $ETH
#Singapore #DBS #CryptoWhaleWatch #TrendingTopic
This address has made over $200M by holding $ETH
#Singapore #DBS #CryptoWhaleWatch #TrendingTopic
DBS Bank to Launch Crypto Options & Structured Notes for Institutional Clients ā A Major Step Toward Crypto Adoption in Singapore
Exciting news in the world of institutional crypto! š Singapore's DBS Bank is set to launch over-the-counter (OTC) crypto options trading and structured notes for its institutional clients. Starting in Q4 2024, the bank will offer financial products tied to Bitcoin (BTC) and Ether (ETH), giving clients more ways to hedge against market volatility and manage digital asset portfolios.
By allowing professional investors to use options and structured notes, DBS is expanding the horizon for crypto asset exposure. Institutional clients can now invest with confidence using advanced investment strategies, backed by DBS' robust banking infrastructure.
This move aligns with DBS' broader push into Web3 technology. Recent projects include launching blockchain-based Treasury Tokens and integrating blockchain into grant distribution systems.
Singaporeās supportive banking environment continues to put it at the forefront of crypto adoption, outpacing other jurisdictions like Hong Kong and the UAE. šøš¬
Disclaimer: This post is for informational purposes only and should not be taken as financial or investment advice. Please consult with a financial advisor before making any investment decisions.
#DBS #BankingNews #CryptoNewss #BinanceSquareFamily #adoption $BTC
$ETH
Exciting news in the world of institutional crypto! š Singapore's DBS Bank is set to launch over-the-counter (OTC) crypto options trading and structured notes for its institutional clients. Starting in Q4 2024, the bank will offer financial products tied to Bitcoin (BTC) and Ether (ETH), giving clients more ways to hedge against market volatility and manage digital asset portfolios.
By allowing professional investors to use options and structured notes, DBS is expanding the horizon for crypto asset exposure. Institutional clients can now invest with confidence using advanced investment strategies, backed by DBS' robust banking infrastructure.
This move aligns with DBS' broader push into Web3 technology. Recent projects include launching blockchain-based Treasury Tokens and integrating blockchain into grant distribution systems.
Singaporeās supportive banking environment continues to put it at the forefront of crypto adoption, outpacing other jurisdictions like Hong Kong and the UAE. šøš¬
Disclaimer: This post is for informational purposes only and should not be taken as financial or investment advice. Please consult with a financial advisor before making any investment decisions.
#DBS #BankingNews #CryptoNewss #BinanceSquareFamily #adoption $BTC
$ETH
ššš»š² š®š², š®š¬š®š°
šBREAKING : #MakerDAO governance delegate falls victim to phishing scam, losing $11 million.
šBREAKING: Bitcoin š° Spot #ETF Records $174 Million Net Outflow on June 24, Marking Seventh Consecutive Day of Losses.
šJUST IN: Singapore's largest bank, #DBS says Bitcoinš° is āa bit like digital gold.ā
šJUST IN: Binance š° CEO Richard Teng expresses positive outlook on crypto market. Says ā Itās hard not to be Bullishā
šJUST IN: BitcoinĀ š° lightning payments app Strike launches to millions across the UK.
š#Bybit has overtaken Coinbase to become the world's second-largest exchange, with #Binance maintaining the top spot. šš
šGerman government transfers 400 Bitcoin š° worth $24.3 million to Coinbase and Kraken, holding a total of $2.85 billion in Bitcoin.
šBREAKING : #MakerDAO governance delegate falls victim to phishing scam, losing $11 million.
šBREAKING: Bitcoin š° Spot #ETF Records $174 Million Net Outflow on June 24, Marking Seventh Consecutive Day of Losses.
šJUST IN: Singapore's largest bank, #DBS says Bitcoinš° is āa bit like digital gold.ā
šJUST IN: Binance š° CEO Richard Teng expresses positive outlook on crypto market. Says ā Itās hard not to be Bullishā
šJUST IN: BitcoinĀ š° lightning payments app Strike launches to millions across the UK.
š#Bybit has overtaken Coinbase to become the world's second-largest exchange, with #Binance maintaining the top spot. šš
šGerman government transfers 400 Bitcoin š° worth $24.3 million to Coinbase and Kraken, holding a total of $2.85 billion in Bitcoin.
šBitcoin gets a boost from DBSššš
DBS Bank in Singapore is set to introduce over-the-counter (OTC) cryptocurrency options trading and structured notes linked to the prices of Bitcoin and Ethereum. This initiative, making DBS the first Asian-headquartered bank to offer such products, targets institutional investors and accredited wealth clients, starting in the fourth quarter of 2024. This move allows clients to hedge against market volatility, potentially earn yield, and gain exposure to digital assets through advanced financial strategies. The development reflects a growing acceptance and integration of cryptocurrencies into traditional banking services, aiming to cater to the increasing interest from professional investors in digital assets.#DBS #DBSBANK $BTC
DBS Bank in Singapore is set to introduce over-the-counter (OTC) cryptocurrency options trading and structured notes linked to the prices of Bitcoin and Ethereum. This initiative, making DBS the first Asian-headquartered bank to offer such products, targets institutional investors and accredited wealth clients, starting in the fourth quarter of 2024. This move allows clients to hedge against market volatility, potentially earn yield, and gain exposure to digital assets through advanced financial strategies. The development reflects a growing acceptance and integration of cryptocurrencies into traditional banking services, aiming to cater to the increasing interest from professional investors in digital assets.#DBS #DBSBANK $BTC
DBS Bank's Bold Move: Cryptocurrency Options Trading Arrives in Singapore!
In a landmark move for the Asian financial landscape,DBS Bank, Singapore's largest bank, has announced the launch of over-the-counter (OTC) cryptocurrency options trading and structured notes for institutional investors and accredited wealth clients. This initiative positions DBS as the first Asian-headquartered bankto offer financial products directly linked to the values of $BTC Bitcoin and $ETH Ethereum, the two leading cryptocurrencies by market capitalization.
Expanding Access to Digital Assets
Starting inQ4 2024, eligible clients will have the opportunity to enhance their digital asset portfolios through these innovative financial products. The offerings are designed to provide institutional investors with tools to hedge against market volatility while potentially earning yields on fiat currencies or taking delivery of the underlying cryptocurrencies. Jacky Tai, Group Head of Trading and Structuring at DBS, emphasized that this expansion reflects a growing trend among professional investors who are increasingly allocating digital assets in their portfolios.
What Are Cryptocurrency Options?
Cryptocurrency options are contracts that give investors the right, but not the obligation, to buy or sell an asset at a predetermined price before a specified expiration date. For instance, a put option allows an investor to sell Bitcoin at a fixed price, providing a safety net against price declines. This flexibility enables clients to implement advanced investment strategies tailored to their risk appetites.
Market Context
This announcement comes at a time when the cryptocurrency market has seen significant growth, with an approximate50% increasein market capitalization during the first half of 2024. DBS's Digital Exchange (DDEx) has also reported a substantial rise in traded digital assets, nearly tripling in value over the same period. As demand for digital assets continues to surge, DBS is strategically positioning itself as a leader in this evolving market.
Conclusion
DBS's foray into cryptocurrency options trading marks a pivotal moment for institutional investors in Asia, offering them new avenues for portfolio diversification and risk management. As the landscape of finance continues to shift towards digital assets, this move not only enhances DBS's service offerings but also underscores the increasing acceptance of cryptocurrencies within traditional banking systems.Stay tuned for more updates as DBS rolls out these exciting new products! š
#CryptoMarketMoves #DBS
Expanding Access to Digital Assets
Starting inQ4 2024, eligible clients will have the opportunity to enhance their digital asset portfolios through these innovative financial products. The offerings are designed to provide institutional investors with tools to hedge against market volatility while potentially earning yields on fiat currencies or taking delivery of the underlying cryptocurrencies. Jacky Tai, Group Head of Trading and Structuring at DBS, emphasized that this expansion reflects a growing trend among professional investors who are increasingly allocating digital assets in their portfolios.
What Are Cryptocurrency Options?
Cryptocurrency options are contracts that give investors the right, but not the obligation, to buy or sell an asset at a predetermined price before a specified expiration date. For instance, a put option allows an investor to sell Bitcoin at a fixed price, providing a safety net against price declines. This flexibility enables clients to implement advanced investment strategies tailored to their risk appetites.
Market Context
This announcement comes at a time when the cryptocurrency market has seen significant growth, with an approximate50% increasein market capitalization during the first half of 2024. DBS's Digital Exchange (DDEx) has also reported a substantial rise in traded digital assets, nearly tripling in value over the same period. As demand for digital assets continues to surge, DBS is strategically positioning itself as a leader in this evolving market.
Conclusion
DBS's foray into cryptocurrency options trading marks a pivotal moment for institutional investors in Asia, offering them new avenues for portfolio diversification and risk management. As the landscape of finance continues to shift towards digital assets, this move not only enhances DBS's service offerings but also underscores the increasing acceptance of cryptocurrencies within traditional banking systems.Stay tuned for more updates as DBS rolls out these exciting new products! š
#CryptoMarketMoves #DBS
šØ Big News in the Crypto World! šØ
š Binance is taking note of a major move in the world of finance! šøš¬ DBS Bank, one of Singapore's largest banks, has just blazed a trail by launching token services, fusing the world of traditional banking with the future of blockchain. š„
With this leap, tokenization is now the buzzword. Imagine transactions that are faster, more secure, and fully decentralized. We're talking cutting-edge finance, where liquidity soars, costs shrink, and efficiency skyrockets! š
At Binance, we're thrilled to witness how this breakthrough will reshape the landscape. Are you ready for the future of finance? We sure are! šš°
#Binance #DBS #Blockchain #CryptoRevolution #Write2Earn!
š Binance is taking note of a major move in the world of finance! šøš¬ DBS Bank, one of Singapore's largest banks, has just blazed a trail by launching token services, fusing the world of traditional banking with the future of blockchain. š„
With this leap, tokenization is now the buzzword. Imagine transactions that are faster, more secure, and fully decentralized. We're talking cutting-edge finance, where liquidity soars, costs shrink, and efficiency skyrockets! š
At Binance, we're thrilled to witness how this breakthrough will reshape the landscape. Are you ready for the future of finance? We sure are! šš°
#Binance #DBS #Blockchain #CryptoRevolution #Write2Earn!
Ā Singaporeās Biggest Bank DBS Rolls Out Blockchain-Powered āTreasury Tokensā PilotĀ
Singaporeās largest bank by assets āDBS Bankā has reportedly launched a pilot of āDBS Treasury Tokensā - a new blockchain-based treasury and liquidity management solution developed in collaboration with Ant International, the international division of Alibabaās fintech affiliate Ant Group.
As part of the pilot, Ant International will use the solution for instant and multicurrency treasury and liquidity management in various markets. DBS explained that this pilot operates on its permissioned blockchain and that it aims to help Ant International reduce the settlement of intra-group transactions āfrom potentially days to seconds.ā
#Singapore #DBS #BinanceLaunchpoolTON #MarketDownturn
Singaporeās largest bank by assets āDBS Bankā has reportedly launched a pilot of āDBS Treasury Tokensā - a new blockchain-based treasury and liquidity management solution developed in collaboration with Ant International, the international division of Alibabaās fintech affiliate Ant Group.
As part of the pilot, Ant International will use the solution for instant and multicurrency treasury and liquidity management in various markets. DBS explained that this pilot operates on its permissioned blockchain and that it aims to help Ant International reduce the settlement of intra-group transactions āfrom potentially days to seconds.ā
#Singapore #DBS #BinanceLaunchpoolTON #MarketDownturn