Bitcoin (BTC) trading has been booming at Singapore’s DBS Bank, which saw volumes climb by 80% on its Digital Exchange (DDEx) as a result of the recent decline in the value of cryptocurrencies and the various scandals that have been plaguing the industry.
In tandem with the expansion of trade, DBS saw an increase in the quantity of Bitcoin and Ethereum (ETH) under its custody of more than 100% and 60%, respectively, according to a rapor by İnce ekstra 15 Şubat'ta yayınlandı.
Additionally, DDEx had more than doubled the number of customers it served in 2022, reaching close to 1,200 participants who were registered on the exchange as of December 31, 2022.
Başarısızlığın ardından FTX and linked entities, DBS thinks the indicators represent a tendency among investors toward reputable and regulated platforms to access the market.
kullanma soğuk cüzdanlar of institutional quality, DBS stores all digital assets that are under custody in a separate location inside the banka itself. In addition to this, the bank ensures compliance with all applicable AML and KYC regulations by performing coin purity checks on any digital assets that are brought into its custody.
According to Lionel Lim, the Chief Executive Officer of the DBS Digital Exchange:
“Özellikle sektörü sarsan çok sayıda skandalın ardından piyasanın odağını kararlı bir şekilde güven ve istikrara çevirdiğine inanıyoruz. DBS Grubu tarafından desteklenen, düzenlemeye tabi bir dijital borsa olarak, dijital varlık ekonomisine erişim için güvenilir geçitler arayan yatırımcıların takdir edeceği birçok benzersiz avantaj sunuyoruz."
Crypto trading so far a success for DBS
Dan beri kullanıma sunma of self-directed kriptokrasi ticareti through DBS digibank in September, more than 90% of transactions conducted by the bank’s wealthy customers are now carried out digitally. Meanwhile, DDEx will maintain its status as a members-only exchange that caters to family offices, accredited investors, corporate and institutional investors, and other types of investors.
“In 2022, we saw growing interest from our corporate clients and were actively working towards converting a number of enquiries into STOs,” Lim said.
Finally, the increased interest in Security Token Offering (STO) from DDEx’s corporate customers prompted the exchange to announce that it would investigate origination opportunities for high-quality STO listings in 2023.
Source: https://finbold.com/banking-giant-dbs-says-bitcoin-trading-is-booming-despite-market-volatility/