DBS Bank Expands Crypto Trading Services, Offering Four Cryptocurrencies for Wealth Clients

DBS yesterday announced that it has rolled out self-directed crypto trading via DBS digibank, enabling wealth clients who are accredited investors to trade cryptocurrencies on DBS Digital Exchange (DDEx) at their convenience. This latest move provides more seamless and hassle-free access to DDEx, one of the world's first bank-backed digital exchanges.

Starting from a minimum investment sum of USD 500, accredited wealth clients can seamlessly trade four cryptocurrencies (Bitcoin, Bitcoin Cash, Ethereum, XRP) on DDEx. 

Previously, crypto trading on DDEx was limited to corporate and institutional investors, family offices and clients of DBS Private Bank and DBS Treasures Private Client only. With this latest initiative, the service is now available to accredited investors in the DBS Treasures segment as well. 

Sim S. Lim, Group Executive, Consumer Banking and Wealth Management, DBS Bank said: "As a trusted partner that helps our clients to grow and protect their wealth, we believe in staying ahead of the curve and providing access to the solutions they seek. Broadening access to DDEx is yet another step in our efforts to provide sophisticated investors looking to dip their toes in cryptocurrencies with a seamless and secure way to do so."