DBS Exchange Opens to Institutional Investors
Singapore-based investment bank DBS recently announced that their crypto exchange is now open to institutional investors. This marks a significant step for the bank’s foray into the digital asset space.
The DBS exchange provides institutional investors with access to six different cryptocurrencies. These include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Polkadot (DOT), and Cardano (ADA).
What Does the Exchange Offer?
The exchange has been developed to provide secure and reliable access to digital assets for institutional investors. It allows users to securely buy, sell, and store these digital assets.
Moreover, it features an automated trade execution system that can match orders with high speed and accuracy, and this helps minimize market impact and slippage.
Additionally, the exchange has a built-in risk management system that supports up to five levels of risk control. It also offers users complete control over their digital asset holdings by allowing them to transfer assets in and out of the exchange.
Who Can Use the Exchange?
DBS’s crypto exchange is only open to institutional investors, such as banks, hedge funds, family offices, and other financial institutions. It does not allow retail traders to access its services.
The exchange is available in Singapore, Hong Kong, India, Indonesia, and other countries in the Asia Pacific region.
DBS Exchange a Significant Step For Banks
The launch of DBS’ crypto exchange marks a significant step in the bank’s foray into the digital asset space. It provides institutional investors with secure and reliable access to digital assets and features an automated trade execution system and a risk management system. While the exchange is only open to institutional investors, it could be opened to retail traders.