DBS Bank recently stated that the trading value of its digital payment token on its digital exchange has significantly increased in the first five months before 2024. DBS Bank detailed that "compared with the same period in 2023, the value of digital payment tokens (calculated in Singapore dollars) traded on DBS Bank's digital exchange (Ddex) in the first five months of this year has almost doubled, and the number of active trading customers has increased by 36%. The digital assets held by DBS Bank (calculated in Singapore dollars) have soared by more than 80%."
DBS Bank explained that this significant growth is attributed to the large influx of customers seeking secure bank-level trading and custody of digital assets platforms. At the same time, the total market value of cryptocurrencies has increased by about 50% during the same period.