DBS Bank, Singapore’s largest bank, has announced plans to launch over-the-counter (OTC) cryptocurrency options and structured bonds trading for institutional clients in the fourth quarter of 2024.
The new service will give institutional investors access to bitcoin and ethereum, the two largest cryptocurrencies by market capitalization.
The initiative aims to provide sophisticated tools for managing digital asset portfolios, including hedging against market volatility.
DBS Bank previously offered cryptocurrency trading services through DBS Digital Exchange, which provides access to spot trading and custody services for digital assets.
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