Southeast Asia’s Largest Bank DBS Sees 80% Increase in Bitcoin Trading Volume on Its Crypto Exchange
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The largest bank in Southeast Asia, DBS, has revealed that bitcoin trading volume on its cryptocurrency exchange jumped 80% in 2022 while ether trading volume surged 65%. “We believe that the market has decisively shifted its focus towards trust and stability, especially in the wake of multiple scandals that have rocked the industry,” a DBS executive described. DBS Sees Record Trading Volumes for Bitcoin and Ether DBS, the largest bank in Southeast Asia, announced last week that its digital asset exchange saw record trading volumes for bitcoin and ether in 2022. In addition, the number of BTC and ETH under
DBS, the largest bank in Southeast Asia, is planning to launch crypto trading for retail investors this year, the bank’s CEO has revealed. He added that in the first half of this year, DBS will focus... [[ This is a content summary only. Visit my website for full links, other…
Singapore’s largest lender won’t expand cryptocurrency trading on its exchange to retail investors any time soon due to “regulatory restrictions” in the island state. See related article: How... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to Source Author:…
Key Highlights Crypto.com has partnered with DBS to expand Singapore dollar (SGD) and U.S. dollar (USD) deposits and withdrawals in Singapore. DBS will provide virtual accounts to enable faster and simpler transfers through the Crypto.com app. Karl Mohan said the expansion will improve the app experience and support crypto adoption…