DBS: Bitcoin Traders Are Becoming More Active
Singapore-based bank DBS launched its own crypto platform in 2020 for institutional investors. However, the company promised to make it available to other categories of traders in the future.
Despite the dominance of bearish sentiment in the crypto sphere in 2022, the volume of Bitcoin trading on the bank-owned DDEx exchange increased by 80%, whereas the amount of transactions with Ether increased by approximately 65%.
The biggest surge in activity of traders was observed in August after the collapse of the market in May and June.
In parallel, DDEx recorded an increase in the number of users. Last year alone, more than 1,200 new investors registered on the platform.
According to DBS Digital Exchange CEO Lionel Lim, investors’ attention is increasingly shifting to regulated exchanges.
