TMTPOST -- Cryptocurrency exchange OKX announced on Monday the launch of a new service allowing customers in Singapore to make instant deposits and withdrawals in Singapore dollars. This move marks a significant step toward closer integration with Singapore's traditional financial infrastructure as interest and trading in cryptocurrencies continue to grow. The service will be powered by DBS Group, Singapore's largest bank, and will utilize the country's PayNow and Fast and Secure Transfers (FAST) payment systems, according to OKX's statement. In a comment shared with Reuters, Evy Theunis, Head of Digital Assets at DBS's Institutional Banking Group, stated, "DBS has been actively fostering a responsible and innovative digital asset ecosystem in Singapore for several years. Our collaboration with OKX deepens the bank's broad involvement in this space." Interest in cryptocurrencies has risen sharply following Donald Trump's U.S. presidential election victory, as expectations of more favorable regulation under his administration fueled optimism across the crypto sector. This surge in interest has driven the price of bitcoin to new heights, with the world's largest cryptocurrency recently surpassing $90,000 for the first time and gaining around 30% in value this month alone. OKX’s Singapore subsidiary received a payments license from the Monetary Authority of Singapore in September, enabling the exchange to offer digital payment token and cross-border money transfer services. Singapore has become a key hub for cryptocurrency activity in Asia in recent years.