DBS Bank to Dive into Crypto Trading with Options and Structured Notes This Year
CryptoNewsTerminal Staff17 Sep, 2024
DBS Bank to Dive into Crypto Trading with Options and Structured Notes This Year
DBS, Singapore's largest bank, has revealed plans to introduce over-the-counter (OTC) crypto options trading and structured notes tailored for institutional clients in Q4 2023. This move will empower these clients, who hold Bitcoin (BTC) and Ether (ETH), to mitigate their exposure to price fluctuations. Put and call options will become available to serve as hedging tools. DBS is well-positioned to seize opportunities in the digital asset space, given its strong foothold in wealth management and advisory services. As a global leader in FX trading, it possesses expertise that can be leveraged in the nascent crypto market. Crypto options provide flexibility in managing risk and enhancing returns, making them attractive to sophisticated investors. However, the bank clarified that it has no immediate plans to offer crypto trading services to retail customers.
