DBS Vickers is the brokerage arm of Singapore-based DBS Bank, which also operates the crypto exchange DBS Digital Exchange (DDEx). Vickers hopes to directly support asset managers and companies in trading digital payment tokens through the DDEx. DBS added that Vickers is working through the necessary follow-ups in order to meet MAS’ requirements for a license.
Meanwhile, DBS also announced that its members-only platform for institutional and accredited investors would also operate round the clock from Monday. According to DBS, this will be “to cater to increasing trading volume amidst growing client demand.” It also remarked it would enhance its members’ ability to seize opportunities and manage risks associated with changes in cryptocurrency spot prices. The exchange had previously operated only during Asian trading hours.
