After opening its very own institutional-grade digital asset exchange, Singapore-based DBS Bank is eyeing the expansion of a similar trading offering, but this time, catering to retail investors. It is expected to launch by the end of 2022.
DBS’ Upcoming Retail Digital Assets Trading Desk
DBS CEO Piyush Gupta believes that the expansion plans will take a lot of work, including potential fraud and others, but expects the launch of the platform by the year-end. On a recent earnings call, the exec stated,
“We are starting the initial work to expand it beyond the current investor base [of accredited investors]. Lots of work to do with suitability and anti-fraud… we should have something by the end of the year.”
The CEO also mentioned that DBS will focus on convenient accessibility to the retail-focused digital asset trading platform for its existing customer base in the first half of the year. As of now, the users are required to contact a banker via a call to place an order for cr
We współpracy z: https://cryptopotato.com/singapores-largest-bank-to-launch-a-cryptocurrency-trading-desk-for-retail-investors/
