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DBS Bank Launches Bitcoin and Ethereum Options Trading for Clients

DBS Bank is set to launch Bitcoin and Ethereum options trading, enhancing its digital asset offerings for institutional clients in Q4 2024.

1 min 15 secSeptember 17, 2024

Highlights:

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First Asian bank to offer cryptocurrency options trading.

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New service aims to attract institutional and accredited investors.

DBS Bank Launches Bitcoin and Ethereum Options Trading for Clients

Singapore's DBS Bank has made headlines by announcing the launch of over-the-counter (OTC) cryptocurrency options trading and structured notes, marking a significant milestone as the first Asian-headquartered bank to offer such products. 

 

 

This new service, set to commence in the fourth quarter of 2024, will cater to eligible institutional investors and accredited wealth clients, allowing them to engage with Bitcoin and Ethereum—two of the largest cryptocurrencies by market capitalization.

 

DBS's offerings will enable clients to hedge against market volatility while potentially earning yields on fiat or opting for delivery of the underlying cryptocurrencies. For instance, clients can purchase put options, granting them the right to sell Bitcoin at a predetermined price in the future, thus managing risks associated with price fluctuations.

 

 

Jacky Tai, Group Head of Trading and Structuring at DBS, emphasized the growing interest among professional investors in digital assets. He stated that these financial products expand the bank's value proposition by providing trusted institutional-grade access to the digital asset ecosystem.

 

The launch comes at a time when the cryptocurrency market has seen a remarkable resurgence, with a 50% increase in market capitalization during the first half of 2024. DBS has also reported substantial growth in its Digital Exchange (DDEx), with trading volumes nearly tripling compared to last year, indicating a robust demand for digital asset services among investors.

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