Singapore's DBS Crypto Exchange to Double Clients Base Andanu
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DBS Digital Exchange is set to double its client base up to 1,000 by end-December, DBS's senior executives told Reuters. The exchange also plans to grow by 20-30% annually for the next three years as cryptocurrency adoption grows.

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"We are growing very rapidly. Investors are gradually exploring cryptocurrencies and digital assets," said Eng-Kwok Seat Moey, Head of Capital Markets at DBS.

As of press time, DBS Digital Exchange offers trading with bitcoin (EXANTE: Bitcoin), bitcoin cash (BCH), ether (ETH), XRP, US, Singapore, Hong Kong dollars and the yen. Kwee Juan Han, DBS' Group Head of Strategy and Planning, said a trend of companies seeking fundraising options through tokenized assets will expand the share of cryptocurrencies in portfolios offered by DBS. Han also added that DBS aims to bring in total revenue of $260 million by the end of 2022.

DBS' Brokerage Arm Gets Singapore's License for Crypto Services

Meanwhile, Swiss stock exchange SIX has received regulatory approval from the financial watchdog FINMA to launch its new cryptocurrency exchange called SIX Digital Exchange (SDX). The exchange said that the FINMA's green light enables it to open settlement and custody services based on distributed ledger technology.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

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