**Despite Significant Trading Volume, Anticipated Bull Market Lags for Less Credible Cryptocurrencies**

In a market showing mixed signals, DBS Digital Exchange (Ddex) stands out with impressive growth metrics. The first five months of 2024 have seen transaction values on Ddex triple year-on-year, while assets under custody have grown by over 80%.

DBS Bank recently reported a near tripling in the value of digital payment token transactions in Singapore dollars compared to the same period in 2023. Alongside this, the number of active trading customers increased by 36%, and digital assets under DBS custody surged by more than 80%.

This growth is largely driven by deposits from customers who value the secure, bank-grade platform provided by DBS for trading and storing digital assets. This trend underscores the increasing trust in DBS Digital Exchange's robust security and reliable services.

Meanwhile, the broader cryptocurrency market capitalization has risen by approximately 50% over the same timeframe, signaling a general market uptrend despite the lagging performance of less credible cryptocurrencies.

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