According to TechFlow, on September 17, according to Cointelegraph, Singapore's DBS Bank announced that it will launch over-the-counter (OTC) cryptocurrency options and structured notes business for institutional clients in the fourth quarter of 2024. The new product will be based on the prices of Bitcoin (BTC) and Ethereum (ETH). Customers can hedge market volatility risks through option trading, such as buying put options to sell Bitcoin at a fixed price on a specific date in the future. Jacky Tai, head of DBS Bank's trading and structuring department, said that professional investors are continuing to increase the allocation of digital assets in their portfolios. This move will provide customers with more digital asset investment strategies and help better manage their cryptocurrency portfolios.