DBS Digital Exchange’s transaction value tripled year-on-year in the first five months of this year, and assets under custody increased by more than 80%

Odaily News DBS Bank recently stated that the value of digital payment token transactions on its digital exchange increased significantly in the first five months of 2024. DBS Bank detailed: Compared with 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 (in Singapore dollars) almost tripled, the number of active trading customers increased by 36%, and digital assets under custody by DBS Bank (in Singapore dollars-) soared by more than 80%. DBS Bank explained that this significant growth was attributed to the influx of deposits from customers seeking secure bank-grade trading and custody digital asset platforms. At the same time, the total market value of cryptocurrencies increased by about 50% during the same period. (Bitcoin.com)