Seeking Alpha
2020-10-27 11:36:33

Singapore's largest commercial bank launching crypto exchange

A cached webpage on the site of DBS Bank introduces DBS Digital Exchange, offering access for trading several currencies for Bitcoin (BTC-USD), Bitcoin Cash (BCH-USD), Ether (ETH-USD), and Ripple (XRP-USD).The Exchange page was actually live for a brief amount of time, and then taken down.DBS is Southeast Asia's largest bank, so its entry into cryptocurrencies has fans excited. Grayscale's Barry Silbert: "This is a big deal."Bitcoin, meanwhile, is taking out new multi-year highs this morning, up 2.5% to $13,442. Bitcoin for part of yesterday tumbled right alongside stocks, upsetting to those hoping for it to break off from its correlation to equities. Hodlers drew plenty of encouragement in the afternoon, though, as Bitcoin managed to rally back over $13K despite stocks continuing to lose ground.

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer