Among the numbers, it was found that the number of trades executed on the DBS Digital Exchange (DDEx) in June was more than double that of the number of trades in April.
DBS’s digital asset ecosystem has benefitted from the flight to trusted and regulated platforms to access the digital asset market amid the recent “unprecedented volatility”.
According to the bank, its digital asset ecosystem reported “resilience” in its key business metrics in June compared to April, just when volatility in the cryptocurrency markets started increasing.
