According to Odaily Planet Daily, DBS Bank recently stated that the transaction value of digital payment tokens on its digital exchange increased significantly in the first five months of 2024.
DBS Bank detailed that the value of digital payment tokens traded on the DBS Digital Exchange (Ddex) almost tripled in the first five months of this year compared to the same period in 2023, the number of active trading customers increased by 36%, and digital assets under DBS custody soared by more than 80%.
DBS explained that this significant growth was attributable to an influx of deposits from customers seeking a secure bank-grade platform for trading and custody of digital assets. At the same time, the total cryptocurrency market capitalization has increased by approximately 50% during the same time period.