Singapore’s largest bank is launching the world’s first cryptocurrency exchange backed by a traditional bank. DBS said it could start trading as early as next week. The digital exchange aims to be a one-stop shop for institutional and elite retail investors. It will issue digital tokens that are backed by financial assets, and offer trading and custody services. The exchange will feature four top cryptocurrencies – Bitcoin, Ether, XRP and Bitcoin cash. They can be traded against the Singapore dollar, US dollar, Hong Kong dollar and Japanese yen.
Subscribe to our channel here: https://cna.asia/youtubesub
Subscribe to our news service on Telegram: https://cna.asia/telegram
Follow us:
CNA: https://cna.asia
CNA Lifestyle: http://www.cnalifestyle.com
Facebook: https://www.facebook.com/channelnewsasia
Instagram: https://www.instagram.com/channelnewsasia
Twitter: https://www.twitter.com/channelnewsasia
Related Post:
- BITCOIN On Central Bank Balance Sheets – Ethereum Stock Exchange – DBS Bank Crypto – Bitso XRP
- Tattoo Tour 2019 · Traditional, Neo-Traditional, Realism
- DBS Bank: Ripple is "Cheapest" in Cross Border Payments
- Ripple XRP: David Schwartz Explains Ledger Update Process & DBS Bank Pushes Contact-Free Banking
- Bank-Backed Ripple-Favoring Crypto Exchange VCTRADE Launched By Japan’s SBI
- Carbon becomes the first fiat backed stable coin to launch on Tron (TRX)
- JP Morgan is rolling out the first US bank-backed cryptocurrency. Buy XRP on Binance with C.C
- Ripple announces XRP Ledger 1.2.0. JP Morgan is rolling out the first US bank-backed cryptocurrency
- JP Morgan is rolling out the first US bank-backed cryptocurrency to transform payments business
- News | Winklevoss Exchange Launches USD Cryptocurrency Backed by a Bank
