Largest Commercial Bank in Singapore Launches Cryptocurrency Exchange

DBS, of the largest commercial banks in Singapore, announced the soft launch of the proprietary crypto-to-fiat cryptocurrency trading platforms.

At the initial stages, the users will have access to the four largest digital assets: BTC, BCH, ETH, XRP. They will be available for trading against Singapore Dollar (SGD), Hong Kong Dollar (HKD), Japanese Yen (JPY), and US Dollar (USD) with the trading fee of 10 bps.

The exchange will be a part of a broader digital ecosystem that will also include digital asset custody and security token offerings.