Singapore-based OCBC looking to set up crypto exchange, to address customer needs
Singapore-based Oversea-Chinese Banking Corp.(OCBC) is mulling over setting up a crypto-exchange, as per a report by Bloomberg.
The multinational bank can join the likes of DBS Vickers, the venture arm of DBS Bank, which was granted a crypto-license from the Monetary Authority of Singapore (MAS).
In a recent interview, Chief Executive Officer Helen Wong commented, “We are looking at it,” adding that the bank is putting in some work on it “seriously.”
Wong reiterated that the bank isn’t looking to rush into offering crypto exchange services. Instead, it is studying the technology for the potential benefits it can offer. Not to forget, there is now a huge demand for crypto products. The CEO added,
“If you say we are looking at it, it is very much
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