TechFlow reports that on September 17, DBS Bank of Singapore announced plans to launch over-the-counter (OTC) cryptocurrency options and structured notes for institutional clients in the fourth quarter of 2024. The new products will be based on the prices of Bitcoin (BTC) and Ethereum (ETH). Clients can use options trading to hedge against market volatility—for example, purchasing put options to sell Bitcoin at a fixed price on a future date. Jacky Tai, Head of Trading and Structuring at DBS Bank, said professional investors are consistently increasing their digital asset allocations. This move will provide clients with more digital asset investment strategies, helping them better manage their cryptocurrency portfolios.
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