OCBC Bank Mulls Setting Up Crypto Exchange: CEO

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Oversea-Chinese Banking Corporation (OCBC Bank) is mulling making a crypto change, the financial institution’s CEO Helen Wong stated in an interview with Bloomberg Television at the moment.

  • “We are looking at it and seriously there are some work being done in the bank,” Wong stated, including that the financial institution desires to handle buyer wants “in a safe manner.”
  • At the top of final yr, Singapore-based OCBC had $121 billion in belongings below administration, making it the second-largest financial institution in Southeast Asia.
  • OCBC rival DBS launched a crypto change in December 2020. DBS Vickers, the financial institution’s brokerage arm, obtained a license to supply crypto companies from the Monetary Authority of Singapore in October.

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