DBS, the largest financial holding in Singapore, announced that accredited clients will have access to the DDEx platform, which provides the opportunity to trade cryptocurrencies.
In a statement, DBS emphasized that “DDEx is one of the world’s first digital exchanges backed by a major bank.” Previously, access to the platform was limited only to the bank’s corporate clients and institutional investors.
In the near future, about 100,000 accredited investors who are DBS clients will have access to the DDEx platform. A little later, other accredited clients of the bank will also receive appropriate access.
Sim S. Lim, Head of Consumer Banking and Wealth Management at DBS, said:
“As a trusted partner in helping our clients grow and protect their wealth, we continue to believe in keeping up with the times and giving users access to the solutions they are looking for.”
Note that DBS is developing a platform for trading cryptocurrencies for retail clients. The platform is expected to be launched by the end of this year.
Source: Bits
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