$597.22 -2.54%
ETH · 5w

Crypto Markets Surge As Largest Singapore Bank Reveals Plan to Support BTC, Ethereum, XRP and Bitcoin Cash

The crypto markets are rallying amid a big announcement from the largest retail and commercial bank in Singapore.

DBS says it plans to launch a crypto trading platform supporting Bitcoin, Ethereum, XRP and Bitcoin Cash. The coins will be paired with the Singapore dollar, US dollar, Hong Kong dollar and Japanese yen.

The bank initially posted a press release about the launch, but quickly took the notice down. Representatives now say the project will launch once it has received approval from regulators.

The bank says it would also allow companies to issue security tokens. DBS plans to maintain custody of the crypto assets, and it’s not yet clear if customers will be able to move their crypto to private wallets.

Three Arrows Capital Su Zhu says the move will instantly make the bank the easiest way to buy crypto in the country.

The crypto markets are rallying, with Bitcoin up 5.56% at $13,626 at time of publishing, according to CoinMarketCap.

Ethereum is up 9.97% at $406, and XRP is up 2.07% at $0.2513.

Check Latest News Headlines Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/gualtiero boffi

Go to
Recent news
ETH -2.54% · · Now

New Cryptocurrency Mining Era with ASICLine

ASICLine ( ) has recently pioneered a new era in the world of cryptocurrency mining with the official launch of its two miners FirstLine
ETH -2.54% · · Now


Non-Fungible Tokens (NFTs) have real monetary value and can also be a lot of fun. How? Read further to know more about how they can be fun.
ETH -2.54% · · 4h

AAVE v2 Live on Mainnet

Aave launches v2 with an expansive set of features focused on improving UX and bringing in the next wave of DeFi users.
ETH -2.54% · · 5h

Over 1 Million ETH Deposited!

The Contract Address 0x00000000219ab540356cbb839cbe05303d7705fa page allows users to view the source code, transactions, balances, and analytics for the contract address. Users can also interact and m...
ETH -2.54% · · 9h

/r/ethtrader hit 300k subscribers yesterday

r/ethtrader metrics including subscriber growth, count history, and subreddit rank (EthTrader: Ethereum news, tokens, memes, staking, economics, trading, and investing hub.)