Singapore-based OCBC Bank is exploring the possibility of creating a Bitcoin and cryptocurrency exchange in response to customer demand.
OCBC CEO Helen Wong shared his interest in creating a crypto exchange in an interview with Bloomberg.
“We are looking at it and seriously there is some work being done in the bank,”
Wong noted their primary priority is ensuring the safety of clients’ investments, the security of transactions, given the anonymous nature of the crypto.
Wong said OCBC Bank is interested in the underlying technologies of cryptocurrencies, and the popularity of digital assets is not a reason to hurry to integrate them into bank products.
“It’s not about launching a crypto exchange, it’s about responsibility. Banks have a responsibility, a fiduciary duty to clients, ” she explained.