Data: The trading value of DBS Bank's digital exchange doubled year-on-year in the first five months of this year, and the assets under custody grew by over 80%

2024-07-13 11:58:49

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ChainCatcher news, according to Bitcoin.com, DBS Bank recently stated that the trading value of digital payment tokens on its digital exchange has significantly increased in the first five months of 2024.
DBS Bank elaborated: "Compared to the same period in 2023, the value of digital payment tokens traded on the DBS digital exchange (Ddex) in the first five months of this year has nearly doubled in Singapore dollars, the number of active trading customers has increased by 36%, and the digital assets custodied by DBS Bank (in Singapore dollars) have surged by over 80%."

DBS Bank explained that this significant growth is attributed to a large influx of deposits from customers seeking secure, bank-grade trading and custodial digital asset platforms. Meanwhile, the total market capitalization of cryptocurrencies has grown by about 50% during the same period.

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