Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Bitcoin Purchases Jump 400% in DBS Digital Exchange in June vs. April

Bitcoin Purchases Jump 400% in DBS Digital Exchange in June vs. April

Kelly Cromley by Kelly Cromley
Aug 26, 2022
in Market News, News
Reading Time: 2 mins read
0

The DBS Digital Exchange (Ddex), the biggest bank in Southeast Asia based on assets, recorded gains on Monday as investors in cryptocurrencies sought shelter from market volatility. DBS operates in 18 markets and is listed and headquartered in Singapore.

With respect to increasing market share for digital assets, investors who are optimistic about the long-term potential of cryptoassets go for trustworthy, authorized platforms.
“With crypto currency markets seeing unparalleled volatility… This rush to shelter has helped DBS’s digital asset infrastructure,” according to the bank.

RelatedPosts

Connect Launches First Social Impact Platform on Web4

MoviePass Turns Movie Watching Into a Blockchain Game

RealDID Brings Privacy-First Digital ID to Hong Kong

Gigachain Sets New Benchmark in Blockchain Computation

As per DBS, which noted that “Buys represented for about 90% of transactions on Ddex in June 2022,” the aggregate number of trades conducted on the Ddex in June 2022 was over twice that of April, as investors bought the decline. In June 2022, nearly four times as much Bitcoin was acquired on the Ddex compared to April 2022. Similarly, there were 65% more ETH purchases on Ddex in June 2022 compared to April 2022.

DBS, the largest bank in Southeast Asia, recently stated that its institutional-level custodial service is being used by more customers to hold cryptocurrencies. The amount of bitcoin (BTC) under administration as of June 30 increased by around 30% from April 30, while the amount of ether (ETH) under care increased by approximately 3% over the same timeframe.

And in the meantime, DBS evidenced that notwithstanding market volatility, their bitcoin exchange clientele expanded. Comparing 30 June to 30 April, the Ddex exchange “reported a 10% increase in its customer base.” The bank stated that inquiries from institutions and corporate clients remained solid. “What we are witnessing in the crypto currency business is a splendid return to normal as the investor perspective moves substantially away from the quest for income,” DBS Digital Exchange CEO Lionel Lim stated, further stating that investors are instead seeking safe havens to buy and sell and hold their cryptocurrencies against the backdrop of ongoing market fluctuation. Non-institutional individual trading for authorized clients will commence in the months ahead, as per DBS.

Back in December 2020, the bank launched a cryptocurrency exchange. In May 2021, it announced a cryptocurrency trust solution, which was quickly followed by the launch of its initial security token offering.

Previous Post

Data Lake Utilizes Blockchain for Medical Data Donation Platform

Next Post

Polygon Founder Raises $50mln for Web3 Focused Fund

Related Posts

connect launches first social impact platform on web4

Connect Launches First Social Impact Platform on Web4

by Kelly Cromley
May 24, 2025
0

Connect, in collaboration with members of the WIN Blockchain community, has announced the official launch of what is being described...

moviepass turns movie watching into a blockchain game

MoviePass Turns Movie Watching Into a Blockchain Game

by Kelly Cromley
May 24, 2025
0

MoviePass has unveiled a revamped digital experience that reimagines how audiences interact with films. Its latest venture, called Mogul, integrates...

realdid brings privacy-first digital id to hong kong

RealDID Brings Privacy-First Digital ID to Hong Kong

by Kelly Cromley
May 24, 2025
0

China’s blockchain-powered identity solution, RealDID, is now being extended to Hong Kong, marking a significant milestone in the evolution of...

gigachain sets new benchmark in blockchain computation

Gigachain Sets New Benchmark in Blockchain Computation

by Kelly Cromley
May 24, 2025
0

A new entrant in the Layer 1 blockchain ecosystem, Gigachain Labs, has introduced a protocol that reimagines blockchain scalability by...

rich and vareger unite to redefine ip protection in ai era

RICH and Vareger Unite to Redefine IP Protection in AI Era

by Kelly Cromley
May 23, 2025
0

British deep tech firm Research Integrity Chain Ltd (RICH) has entered into a strategic agreement with Estonian technology provider Vareger...

cosmic wire and swm partner to reshape blockchain adoption

Cosmic Wire and SWM Partner to Reshape Blockchain Adoption

by Kelly Cromley
May 23, 2025
0

Cosmic Wire, a technology company specializing in blockchain memory and the spatial web, has formed a strategic partnership with Sovereign...

Next Post
Polygon Founder Raises $50mln for Web3 Focused Fund

Polygon Founder Raises $50mln for Web3 Focused Fund

  • blackrock invests in colle web3

    COLLE: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • XRP Ledger Embraces Precious Metal-Backed Stablecoins with Meld Gold Partnership

    by Kelly Cromley
    Oct 2, 2024

Recent News

connect launches first social impact platform on web4
Market News

Connect Launches First Social Impact Platform on Web4

by Kelly Cromley
May 24, 2025
moviepass turns movie watching into a blockchain game
Market News

MoviePass Turns Movie Watching Into a Blockchain Game

by Kelly Cromley
May 24, 2025
realdid brings privacy-first digital id to hong kong
Market News

RealDID Brings Privacy-First Digital ID to Hong Kong

by Kelly Cromley
May 24, 2025
gigachain sets new benchmark in blockchain computation
Market News

Gigachain Sets New Benchmark in Blockchain Computation

by Kelly Cromley
May 24, 2025
rich and vareger unite to redefine ip protection in ai era
Market News

RICH and Vareger Unite to Redefine IP Protection in AI Era

by Kelly Cromley
May 23, 2025

Categories

  • Altcoin News
  • Analysis News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market News
  • News
  • Ripple News
  • Solana News

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree