DBS Bank in Singapore has announced plans to launch over-the-counter (OTC) crypto options trading and structured notes for its institutional clients.
The bank will offer financial products tied to the value of Bitcoin and Ether, the two largest cryptocurrencies in terms of market cap.
Starting in the last quarter of 2024, clients can invest in these digital assets through options trading and structured notes.
This type of trading involves using the prices of underlying cryptocurrencies to determine the value of the options contract, enabling investors to “hedge” against price volatility.
The contract allows for the buying or selling of assets at a predetermined date and time. Additionally, the bank will also offer structured notes, which are a type of debt security that is based on underlying assets.
