Ethereum Inflow to DBS Bank Singapore: 4,400 ETH from Market Maker GSR in 2 Days (About $13.2M)
COINOTAG News, reporting on December 23, citing The Data Nerd monitoring, notes that DBS Bank Singapore received 2,000 ETH from market maker GSR, valued at about $5.93 million. The transfer underscores ongoing institutional use of large-cap digital assets for liquidity management.
Within two days, DBS Bank Singapore had accumulated a total of 4,400 ETH in transfers from GSR, worth roughly $13.2 million, signaling a material uptick in institutional ETH activity and reinforcing Singapore’s position as a hub for digital-asset liquidity. Market participants should watch for further confirmations.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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