Singapore's largest bank, DBS, will begin offering OTC bitcoin and crypto options trading for institutional clients in Q4 2024. DBS is the first major Asian bank providing sophisticated Bitcoin derivatives amid rising allocation demand.
Following the release of Singapore’s digital asset framework, the country’s largest bank expanded its members-only digital exchange to 100,000 more clients.
The central bank will detail a framework to ensure businesses are properly regulated within its jurisdiction while encouraging business in the ecosystem.
The Association of Cryptocurrency Enterprises and Startups, Singapore, has released a draft of a code of practice for cryptocurrency businesses in the country.