DBS Bank Ltd, a Singaporean multinational banking and financial services corporation, is launching its own crypto exchange

DBS Bank Ltd, a Singaporean multinational banking and financial services corporation, is launching its own crypto exchange

The largest commercial bank in Singapore is launching DBS Digital Exchange, which will serve mainly for financial institutions.


27 Oct 2020 , 12:57 @ Matey Salt

DBS Bank Ltd, a Singaporean multinational banking and financial services corporation, is launching its own crypto exchange

The largest commercial bank in Singapore is launching DBS Digital Exchange, which will serve mainly for financial institutions.

Su Zhu, CEO of Singapore’s hedge fund manager Three Arrows Capital, was the first to announce this today. He said in his tweet that DBS, as the largest retail and commercial bank in Singapore, is launching its crypto / fiat exchange.

According to the information we found, the exchange will be regulated by the Monetary Authority of Singapore and will initially offer trading only with the most famous cryptocurrencies.

Specifically: BTC / SGD BTC / HKD | BTC / USD | BTC / JPY, BCH / SGD | BCH / HKD | BCH / USD | BCH / JPY, ETH / SGD | ETH / HKD | ETH / USD | ETC / JPY, XRP / SGD | XRP / HKD | XRP / USD | XRP / JPY.

DBS Digital Exchange opens its doors only to financial institutions and professional market makers

DBS Bank Ltd was awarded as Best Bank in the World 2020 (Global Finance), World’s Best Bank 2019 (Euromoney), Global Bank of the Year 2018 (The Banker), Best Bank in the World 2018 (Global Finance).

Read also: Raiffeisen Bank International A.G. will have its own RBI Coin, a next-generation digital cash

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