As per Friday’s announcement through Bloomberg, Singapore state-owned DBS Bank has expanded its crypto trading service to more its 100,000 investors linked with its DBS Treasures section. The DBS’ clients will trade virtual currencies through its member-only decentralized exchange, DDEx. The service initially allows customers to trade four top cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), BitcoinCash (BCH), and Ripple (XRP).
Despite the current negative market climate and U.S. regulators’ tightening policies, cryptocurrency continues to gain more and more ground in adoption. The benefits and use cases of decentralized technology have been attracting the government and private sectors globally and pushed them to include digital currencies in their systems. Likewise, Singapore’s leading financing bank, established in 1968, remains second to none.