Singapore’s DBS bank, which is the biggest loan shark in southeastern Asia, has always been a pacesetter with regard to crypto innovation in the region. Its cryptocurrency exchange platform DBS Digital Exchange (DDEx) operates under a recognized license and was one of the first trading platforms to be owned by a traditional Asian bank.
The bank announced on Thursday that its brokerage arm was working through the necessary follow-ups to meet the regulator’s requirements for a license. If the license is issued, DBS Vickers will become a part of DDEx and can directly support trades in digital payments through DDEx.
Meanwhile, DDEx is slated to start round-the-clock services for the first time on Monday, August 16.
Speaking in a statement, the Group Head of Capital Markets at DBS, Eng-Kwok Seat Moey, said:
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Source: Cryptocurrency - investing.com
