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Заголовок Singaporean Bank Leads Asia With First Of Its Kind Crypto Options
Дата 20240918

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============= Обработанный текст:
Singaporean Bank Leads Asia With First Of Its Kind Crypto Options

Singaporean Bank Leads Asia With First Of Its Kind Crypto Options

by Christian Encila

2 mins ago

in Crypto News

0

By being the first Asian bank providing over-the-counter (OTC) crypto options
and structured notes, Singapore• Сингапур s DBS• Объект бренды » Бренды на d » DBS Bank is creating waves in the
financial industry. Originally scheduled for Q4 2024, these products will
mostly target institutional investors and accredited wealth clients, giving
them more investment options connected to significant cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта like
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin and Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum.

Related Reading: Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Mine Shutdown In Norway Sparks Higher Power Bills For
Residents

The action coincides with notable expansion in the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта market; DBS• Объект бренды » Бренды на d » DBS
notes an almost 50% rise in total market value during the first five months of
2024. While active trading clients increased by 36% and assets under custody
climbed by 80%, the value of digital assets traded on DBS• Объект бренды » Бренды на d » DBS Digital Exchange
(DDEx) almost triples compared to the same period in 2023.

Growing Digital Assets Services

With DBS• Объект бренды » Бренды на d » DBS s new products, its present digital asset services—which
clients now trade security tokens and cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалютаwill be expanded under
DDEx. OTC options trading and structured notes will give customers other ways
to expose to the asset class and apply sophisticated investment strategies to
better manage their digital asset portfolios. Total crypto market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта cap
currently at $2 trillion. Chart: TradingView

Jacky Tai, Group Head of Trading and Structuring for Global Financial Markets
at DBS• Объект бренды » Бренды на d » DBS, emphasized that these financial products are designed to meet the
growing demand from professional investors who are increasingly allocating
digital assets into their portfolios.

The structured products will let customers either get the underlying
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта depending on particular market conditions or earn dividends on
cash.

Regulatory Scrutiny And Enforcement Measures

DBS• Объект бренды » Бренды на d » DBS Bank keeps innovating in the realm of digital assets, although the crypto
market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта
is under more global regulatory scrutiny in recent weeks. With data
showing that these activities reached a record high in 2023, the US Securities
and Exchange Commission
(SEC) has bolstered its enforcement activities against
crypto companies notably in recent years.

Related Reading: BREAKING: Secret Service Foils 2nd Assassination Try Of
Trump; Trump-Based Crypto Tokens Collapse

Critics contend that the SEC has chosen to regulate by
enforcement, rather than offering unambiguous rules. As businesses
negotiate a tightly-watched regulatory environment, this has caused
uncertainty and dissatisfaction among the crypto community.

Future Outlook For DBS• Объект бренды » Бренды на d » DBS And Crypto

DBS• Объект бренды » Бренды на d » DBS Bank s leadership role among Asian banks is becoming clearer as it
keeps broadening its crypto products. The launch of OTC crypto options aims to
provide a structure that encourages ethical investing in digital assets as
much as it does increase product offers.

As this project proves successful, more Asian financial institutions could
follow similar policies, therefore influencing the future scene of bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin
trading and investment in the area. But the results of the forthcoming
congressional hearing on the SEC s legislative approach to digital
assets might have a big influence on crypto rules going forward in the United
States
and overseas.

Featured image from CNBC, chart from TradingView

============= Итог: 6,3961 ; Экономика#Финансы#Платежные средства#Платежные системы интернета #Криптовалюта#Ethereum#Bitcoin 6,3961 ; Экономика#Финансы#Платежные средства#Платежные системы интернета #Криптовалюта#Bitcoin#Ethereum 2,9000 ; Сингапур

============= Географические объекты: 1 1.350000000,103.850000000 Сингапур


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