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DBS has launched a self-directed crypto-trading offering (pictured) that allows accredited investors to handle transactions over the DDEx exchange.

The move by the Singapore-based bank comes at a time when cryptocurrencies and certain digital assets have been mauled in the markets this year – but there is still a sizeable audience of people interested in the space for the medium term.

Previously, crypto trading on DDEX, a decentralised exchange, was limited to corporate and institutional investors, family offices, and clients of DBS Private Bank and DBS Treasures Private Client only.

DBS said the service is now available to accredited investors in the DBS Treasures segment as well. (An accredited investor must have earned at least S$300,000 in the past 12 months or have the currency equivalent, or have at least $2 million in net personal assets.)

The bank said that 100,000 of these accredited investor clients in Singapore will be able to access the services offered by DBS’ digital asset ecosystem.

“Broadening access to DDEx is yet another step in our efforts to provide sophisticated investors looking to dip their toes in cryptocurrencies with a seamless and secure way to do so,” Sim S Lim, group executive, consumer banking and wealth management, DBS said.

Starting with a minimum investment sum of $500, accredited wealth clients can trade four of the more established cryptocurrencies (bitcoin, Bitcoin Cash, Ethereum, XRP) on DDEx.