Millionaire movement: DBS of Singapore accumulates more Ethereum than GSR

ConfusedWhale · 2026-01-20T10:54:55+00:00

Recently, Singapore's DBS Bank acquired 3,000 ETH from GSR Markets for approximately $8.48 million, highlighting institutional interest in Ethereum and signaling deeper adoption of digital assets in traditional finance, especially in progressive Asian markets.

ConfusedWhale

2026-01-20 10:54:55

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A significant transaction recently moved the crypto market: Singapore’s DBS Bank purchased another 3000 ETH from the renowned market maker GSR Markets. This operation, amounting to approximately $8.48 million, has attracted attention within the blockchain analysis community.

The numbers behind the movement

The transferred volume represents a substantial position in the current market. With Ethereum trading around $3.10K, the accumulation of these 3000 units reflects a deliberate institutional strategy. According to on-chain monitoring data provided by specialized analysts, this is not the first time the Singapore financial entity has made such acquisitions.

What does it mean for the market?

The movement of a top-tier banking institution like DBS toward accumulating digital assets underscores the growing institutional interest in Ethereum. GSR Markets, as a professional liquidity provider, facilitates these large-scale operations, enabling institutions like DBS to execute their crypto exposure strategies.

These operations indicate an increasingly deep adoption of digital assets within the conventional financial system, particularly in Asian markets like Singapore, where regulation remains progressive toward financial innovation.

ETH-1,91%

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