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Southeast Asia’s Largest Bank Introduces Self-Directed Crypto Trading

2022.09.26

DBS, the biggest bank in Southeast Asia, that established a digital asset exchange among institutional financial institutions for the first time in Asia last year, has now made its app available for self-directed cryptocurrency trading in response to the growing institutional demand, crypto media channel Bitcoin.com reported on September 25.

 

Four cryptocurrencies — Bitcoin, Bitcoin cash, Ethereum, and Ripple — will be traded on the DBS digital asset market starting with a minimum investment sum of 500 USD. Before this, only corporate and institutional investors, family offices, and clients of the bank's private wealth management were permitted to trade cryptocurrencies on the exchange.

 

Nine out of ten equities transactions are now completed digitally, which coincides with the debut of the cryptocurrency trading capability at a time when DBS wealth customers are increasingly selecting self-directed solutions.

 

Additionally, rather than having to switch between several platforms to keep track of their various assets, clients now get a consolidated image of all of their investments, including stocks, bonds, foreign currency, and cryptocurrencies, in one location.

 

Source: BITCOIN.COM

Fee policy for withdrawal of virtual assets

The following fees are charged when withdrawing virtual assets from Delio Bank.

Virtual asset type Transmission fee (Gas fee) Withdrawal fee
Bitcoin (BTC) Charged according to network conditions 2,000 won worth of Bitcoin
Ethereum (ETH) Charged according to network conditions 2,000 won worth of Ethereum
Ripple (XRP) Charged according to network conditions 1 XRP

· There is no fee for transfers within Delio Bank.

· No withdrawal fee is charged for virtual assets other than Bitcoin, Ethereum, and Ripple.

· Please check the transfer fee for virtual assets other than Bitcoin, Ethereum, and Ripple when withdrawing.