DBS recorded an increase in Bitcoin trade by 80 %despite the bear market: report

Von Krypto News Österreich

DBS Digital Exchange (DDEx), die Krypto-Handelstochter des singapurischen Bankengiganten DBS Group Holdings, verzeichnete im vergangenen Jahr trotz des Winters, der Milliarden von Dollar vom Markt vernichtete, ein exponentielles Wachstum im Bitcoin-Handel. Entsprechend der Bericht von Bloomberg verzeichnete die Börse einen Anstieg des Bitcoin-Handelsvolumens um 80 % im Vergleich zum Vorjahr. Trotz negativer Marktstimmung hat sich die Anzahl der BTC in der Verwahrung von DDEx zum 31. Dezember 2022 verdoppelt. DBS verzeichnet massives Wachstum im Kryptogeschäft Darüber hinaus verzeichnete das Unternehmen ein beeindruckendes Wachstum seines Ethereum (ETH)-Transaktionsvolumens mit etwa 65 %. Im August die Firma offengelegt es hatte nach dem Zusammenbruch …
DBS Digital Exchange (DDEX), the crypto trade daughter of the Singapore banking giant Giants DBS Group Holdings, recorded exponential growth in Bitcoin trading last year despite the winter that destroyed billions of dollars. According to the report by Bloomberg, the stock exchange recorded an increase in Bitcoin trading volume by 80 % compared to the previous year. Despite the negative market mood, the number of BTC in the custody of DDEX has doubled on December 31, 2022. DBS recorded massive growth in the crypto business In addition, the company recorded an impressive growth of its Ethereum (ETH) transaction volume with around 65 %. In August the company disclosed it after the collapse ... (Symbolbild/KNAT)

DBS Digital Exchange (DDEX), the crypto trade daughter of the Singapore banking giant Giants DBS Group Holdings, recorded exponential growth in Bitcoin trade last year despite the winter that destroyed billions of dollars.

According to the Report from Bloomberg, the stock exchange recorded an increase in Bitcoin trading volume by 80 % compared to the previous year. Despite the negative market mood, the number of BTC in the custody of DDEX on December 31, 2022 has doubled.

DBS lists massive growth in the crypto business

In addition, the company recorded an impressive growth of its Ethereum (ETH) transaction volume with about 65 %.

in August the company disclosed It had recorded considerable transaction volumes on the stock exchange after the collapse of the market in the previous quarter.

Apart from the increase in Bitcoin and Ethereum transaction volume, DDEX recorded an increase in its customer base. The DBS crypto subsidiary doubled its user base in 2022 with 1,200 new customers registered on the platform.

"The market has relocated its focus on trust and stability, especially after several scandals that shaken the industry. As regulated digital stock exchange, which is supported by the DBS group Lim, CEO of the DBS Digital Exchange, in an explanation.

ddex extension plans

ddex is one of the first trading platforms for digital assets that are managed by a traditional banking system.

The stock exchange was introduced exclusively for institutional investors and wealthy customers in order to act with digital assets such as Bitcoin (BTC), Ethereum (ether), Polkadot (DOT), Cardano (ADA), Bitcoin Cash (BCH) and others Rippleist XRP.

DBS planned to make the stock exchange accessible last year, but later, to make it accessible to private investors Return in April due to regulatory requirements in Singapore. Nevertheless, the company intends to expand its services to other Asian countries.

Last week, Bloomberg reported that DBS plans to receive the approval of the regulatory authorities from Hong Kong in order to offer its cryptodist customers in the region. The bank said it would take a step when the country completes its new crypto regulatory framework.

DBS also urged to introduce Security Token Offerings (STO) for its customers, but the plan was stopped due to "market volatility and macroeconomic uncertainty". However, Lim said that the company would examine opportunities for the listing of "high quality" stos this year.

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