Singapore’s largest bank, DBS Group Holdings, is expanding its crypto-related services for its clients.
With the rapid expansion of the cryptocurrency industry, more and more financial institutions are increasing their engagement with crypto. DBS had recently obtained permission from the Monetary Authority of Singapore (MAS) to provide crypto buying services. One of the company’s steps in the expansion and growth phase was to expand services.
Singapore’s DBS Continues Crypto Studies
DBS Group Holdings Ltd. has expanded access to crypto trading services for its 100,000 investors belonging to its DBS Treasures division.
Access to the treasury section of the bank’s operations will allow wealthy clients with investable assets of at least $246K. With the new development, DBS Digital allows them to trade cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Ripple (XRP).
Bank customers will now be able to participate in the bank’s crypto trading operations with a minimum investment of $500. Previously, this option was only available to institutional and institutional investors, family offices, as well as customers of DBS Private Bank and DBS Treasures Private Clients.