12/10/2020, 11:25 AM (Source: TeleTrader)
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DBS Bank to start cryptocurrency trading

DBS Bank of Singapore announced on Thursday the arrival of its digital assets exchange. Piyush Gupta, DBS Group CEO confirmed that trading of four fiat currencies (SGD, USD, HKD, JPY) will start next week.

"We are ready to begin crypto trading as early as next week. Security token offerings may take a month or two to get started but in summary, we are ready to go," Gupta said.

Meanwhile, Swiss digital exchange SDX also announced this week it would be building a crypto exchange in Singapore together with Japan’s SBI Holdings.

Breaking the News / TF