The largest bank in Southeast Asia, DBS, plans to launch a crypto platform for retail investors by the end of this year.
The Singapore bank, which opened an institutional cryptocurrency trading platform in early 2021, plans to expand its crypto asset trading offerings to retail investors by the end of the year.
The bank's chief executive outlined the immediate expansion plans for the DBS digital exchange during the earnings call:
We are beginning work to expand the exchange beyond its current base of accredited investors. We have a lot of work to do with regulators and their requirements, but by the end of the year we should have something in place.
DBS has not yet announced further details about the platform for retail investors.
Launched last year, the institutional platform has already carried out $819 million in transactions.
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