Singapore is ready to present the first cryptocurrency exchange backed by DBS, the largest bank of Singapore. It will offer its customers four top cryptocurrencies, including BTC, ETH, XRP, and BCH. The initiative is approved by the Singapore central bank.
So far the platform will provide services to institutional and elite retail investors. The start is announced for next week. Trading hours will be from 9am to 4pm UTC.
What do you think about such banks’ initiatives? Would you trust this exchange service?
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