DBS Group Holdings expands bitcoin and crypto trading to 100,000 of its wealthiest clients.
The bank requires capital requirements and a minimum investment of $500.
The expansion follows the central bank of Singapore’s release of a digital asset framework from earlier this month.
DBS Group Holdings Ltd., Singapore’s largest bank, expanded its bitcoin and cryptocurrency trading services on its members-only exchange to an additional 100,000 of its wealthiest clients, per a report from Bloomberg.
Accredited investors, meaning clients with investable assets of at least $246,000, can now buy, sell and trade bitcoin and some cryptocurrencies. Additionally, the bank requires a minimum investment of $500.
Previously, this service was limited to corporate and institutional investors, family offices, clients of DBS Private Bank, and those of DBS Treasures Private Client.
The bank reportedly witnessed its digital assets exchange double in transaction volume between April and June. Even more...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...