DBS bankowned exchange reports surge in crypto trading volume despite market volatility

Despite volatility in the cryptocurrency markets over the past few months, Singapore’s DBS bank’s brokerage arm DBS Digital Exchange (DDEx), a members-only platform for institutional and professional investors, observed a considerable increase in the number of trades conducted throughout June. The overall number of transactions on DBS Digital Exchange more than quadrupled in June compared to April, with purchase orders accounting for 90% of trades.