DBS Will Launch Crypto Services in Hong Kong
DBS, the largest bank in Singapore, announced at the end of 2020 the launch of its own exchange for transactions with digital assets. Its users will be institutional investors.
Bloomberg has reported that DBS has now decided to serve Hong Kong crypto traders. For them, the financial giant expects to launch several trading platforms at once.
DBS Hong Kong CEO Sebastian Paredes has said on the launch:
“We plan to apply for a license in Hong Kong so that our bank can sell digital assets to our customers in this market.”
The bank expects to be one of the first crypto lenders in Hong Kong.