DBS Bank to Launch OTC Crypto Options Trading for Institutional Clients in Q4 2024

DBS Bank, Singapore’s largest bank, has announced plans to launch over-the-counter (OTC) crypto options trading and structured notes for institutional clients in Q4 2024. This new offering will allow institutional investors to gain exposure to bitcoin and ethereum, the two largest cryptocurrencies by market capitalization. The initiative aims to provide sophisticated tools for managing digital asset portfolios, including hedging against market volatility. DBS Bank has previously offered crypto trading services through its DBS Digital Exchange, which provides access to spot trading and custody services for digital assets.