DBS, the renowned and largest South Asian Bank is seriously planning to offer the facility of cryptocurrency trading to its retail customers in the current year as the Bank’s CEO disclosed. The CEO further added that the core team of the DBS Bank is closely watching to make digital assets easy access to its retail investors by the first half of 2022. The team is also working on other ways out to provide more convenience for its customers to make cryptocurrencies a part of their trading portfolios.
DBS Bank to make crypto Trading accessible to its Retail Investors
DBS a leading Bank in South East Asia by its worth of assets is seriously pondering to offer cryptocurrency trading to its retail customers.
During a recently held meeting on Monday sharing the first-quarter earnings figures of the Bank, Mr Piyush Gupta was asked if there any plan or road map to incorporate the cryptocurrencies into its trading portfolio as the retail investors of DBS bank can potentially contribute to the growth of the institution.
Mr Gupta said:
We are seriously focusing on the matter of making digital assets an easy approach to our retail investors either in the first or second half of this year 2022 with a lot more convenience”
He further explained all we are planning to make these services 24/7 as customer needs to call and speak with a banker when it is necessary. We are trying our best to make the maximum an online self-service and error less system to facilitate our retail clients.
The DBS CEO further explained that we are working round the clock to make this facility sensible and beneficial and technically reviewing all possible ways to expand this system of digital currencies beyond our investors in all safe and well-protected ways to avoid fraud.
DBS bank opened a cryptocurrency exchange back in December 2022. The DBS bank later on offered
A trust service regarding cryptocurrencies in May 2021 after the successful launch of its first security token.
Moreover, DBS bank also got the official approval from the concerned Monitory Authorities the Central Bank to offer its crypto services.
What do you think about the DBS launch of cryptocurrency trading services to its retail investors?. Do let us know in the comments.
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