Despite the surge in trading volume, the market does not seem to have entered a full bull market as expected, especially those so-called "altcoins" that are still quiet. However, the performance of DBS Digital Exchange (Ddex) has been impressive. In the first five months of this year, its transaction value tripled year-on-year, while assets under custody also jumped more than 80%.

DBS Bank’s latest report shows that in the first five months of 2024, digital payment token transactions on its digital exchanges showed strong growth. Compared with the same period in 2023, the value of digital payment token transactions (in Singapore dollars) on the Ddex exchange has nearly doubled, while the number of active trading customers has also increased by 36%. What is even more impressive is that the digital assets under DBS Bank custody (in Singapore dollars) have grown by more than 80%.

This significant growth, DBS said, is largely due to an influx of customers seeking secure, bank-grade digital asset trading and custody services. At the same time, the total global cryptocurrency market value also achieved approximately 50% growth during the same time period, injecting new vitality into the entire crypto market. $BTC $ETH #美国6月CPI大幅降温 #美联储何时降息？ #德国政府转移比特币