Bitcoin
$66,106.61-0.18%
Ethereum
$3,163.85-1.62%
Binance Coin
$604.22-0.18%
Solana
$154.10+0.14%
XRP
$0.54794368+2.30%
Dogecoin
$0.15842615-1.81%
Toncoin
$5.55-10.51%
Cardano
$0.52130914+2.27%
Shiba Inu
$0.00002661-2.41%
Avalanche
$38.41-0.72%
Wrapped Bitcoin
$66,196.48-0.22%
Polkadot
$7.46-0.29%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Countdown to Consensus 2024The largest and longest running event that covers all sides of Crypto and Web 3
36
DAYS
03
HR
18
MIN
57
SEC
Finance

OCBC Bank Mulls Setting Up Crypto Exchange: CEO

Southeast Asia’s second-largest bank is looking into a digital asset exchange to satisfy customer demand.

By Eliza Gkritsi
AccessTimeIconNov 19, 2021 at 12:26 p.m. UTC
Updated May 11, 2023 at 4:03 p.m. UTC
CoinDesk placeholder image
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Oversea-Chinese Banking Corporation (OCBC Bank) is mulling creating a crypto exchange, the bank’s CEO Helen Wong said in an interview with Bloomberg Television today.

  • “We are looking at it and seriously there are some work being done in the bank,” Wong said, adding that the bank wants to address customer needs “in a safe manner.”
  • At the end of last year, Singapore-based OCBC had $121 billion in assets under management, making it the second-largest bank in Southeast Asia.
  • OCBC rival DBS launched a crypto exchange in December 2020. DBS Vickers, the bank’s brokerage arm, received a license to offer crypto services from the Monetary Authority of Singapore in October.
VolumeMuteUnmute

Binance Exec's Wife Denies Extradition Report; Thailand Tightens Crypto Regulation

  • Bitcoin Transaction Fees Slide Significantly Post Halving
    00:55
    Bitcoin Transaction Fees Slide Significantly Post Halving
  • 21Shares Exec on Consumer Facing Applications Powered by Blockchain
    00:51
    21Shares Exec on Consumer Facing Applications Powered by Blockchain
  • 21Shares Exec on Aftermath of the Halving, Future of Bitcoin Network
    15:24
    21Shares Exec on Aftermath of the Halving, Future of Bitcoin Network
  • World Chain Is a Blockchain 'Designed for Humans': Tools for Humanity Exec
    00:31
    World Chain Is a Blockchain 'Designed for Humans': Tools for Humanity Exec

    • Read more: DBS Vickers Gets Greenlight From Singapore Regulator to Provide Crypto Services


    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Eliza Gkritsi
    Eliza Gkritsi

    Eliza Gkritsi is a CoinDesk contributor focused on the intersection of crypto and AI.

    Follow @egreechee on Twitter

    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.

    Read more about
    SingaporeDBSAsiaBank