DBS says its crypto business is seeing robust demand from corporate investors, accredited individuals, and investment firms managing assets of wealthy families and that it expects its cryptocurrency exchange platform members to double by year-end.
The largest bank in Southeast Asia also expects its crypto platform membership to grow by 20 to 30 percent annually for the next three years.
DBS Digital Exchange, the bank’s crypto trading platform, offers trading services between four fiat currencies: Singapore dollar, US dollar, Hong Kong dollar, and Japanese yen, and in four cryptocurrencies: bitcoin, bitcoin cash, ether, and XRP.
Investors are gradually exploring cryptocurrencies and digital assets, according to Eng-Kwok Seat Moey, head of capital markets at DBS and chairperson of the exchange.
Kwee Juan Han, DBS’ group head of strategy and planning, noted that the bank’s aim was to create a platform that could serve the entire digital asset value chain, from deal origination to tokenization, listing, trading, and custody.


Russian LNG Shadow Fleet Expands Amid Arctic LNG 2 Sanctions
Wall Street Futures Edge Higher as Iran Tensions and AI Optimism Shape Markets
Oil Prices Rise Amid Strait of Hormuz Tensions and U.S.-Iran Ceasefire Uncertainty
Gold Prices Rise as Weaker Dollar and Iran Ceasefire Hopes Boost Safe-Haven Demand
US-Iran Ceasefire Under Pressure as Fresh Strait of Hormuz Clashes Shake Oil Markets
Iran-U.S. Peace Deal Near as Oil Prices Fall and Nuclear Disputes Persist
Asian Currencies Slip as US Dollar Gains on Rising Iran Tensions and Awaited Jobs Data
Asian Stocks Rally as Japan’s Nikkei Hits Record High on U.S.-Iran Peace Optimism
Ethereum Pullback: ETHUSD Tests Support After Mirroring Bitcoin’s Profit-Booking
FxWirePro- Major Crypto levels and bias summary
U.S.-China Beef Trade Deal Hopes Rise Ahead of Trump-Xi Summit 



