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Learning & News => News related to Crypto => Topic started by: sirty143 on July 13, 2024, 01:07:24 PM

Title: DBS Digital Exchange Sees 3-Fold Surge in Trading Value — Custodied Crypto up 80
Post by: sirty143 on July 13, 2024, 01:07:24 PM
DBS Digital Exchange Sees 3-Fold Surge in Trading Value — Custodied Crypto up 80%

DBS, a leading financial services group in Asia, reports a significant increase in the trading value of digital payment tokens on its digital exchange for the first five months of this year. The surge reflects growing institutional interest... See more for yourself here (https://news.bitcoin.com/dbs-digital-exchange-sees-3-fold-surge-in-trading-value-custodied-crypto-up-80/).

Your opinion is greatly appreciated.
Title: Re: DBS Digital Exchange Sees 3-Fold Surge in Trading Value — Custodied Crypto up 80
Post by: TomPluz on July 16, 2024, 06:14:06 AM

In my view, what is more importantly significant with this development is that DBS is actually a big mainstream financial institution and is now doing good business in the cryptocurrency industry...something which can be unheard of years ago but is now getting to be common. I am sure other financial firms are also looking at how they can be able to successfully wade into the same market and make a good slice of the profit cake too. DBS got the name, the good will and reputaiton as well as the resources to make sure its venture into the industry can be encouraging for their many investors and stakeholders. Now, am thinking, should we trust more platforms like DBS or should we be wary of them?
Title: Re: DBS Digital Exchange Sees 3-Fold Surge in Trading Value — Custodied Crypto up 80
Post by: libert19 on July 16, 2024, 06:57:43 AM
I love DBS, it's such a good bank. Wish the regulations in my country were crypto friendly, that they would have allowed retail investors to trade.

Imagine trading cryptos to fiat within your bank account, it'd be lit! I wish for that day.
Title: Re: DBS Digital Exchange Sees 3-Fold Surge in Trading Value — Custodied Crypto up 80
Post by: Husires on July 22, 2024, 12:02:45 PM
Quote from: libert19 on July 16, 2024, 06:57:43 AM
I love DBS, it's such a good bank. Wish the regulations in my country were crypto friendly, that they would have allowed retail investors to trade.

Imagine trading cryptos to fiat within your bank account, it'd be lit! I wish for that day.
What is DBS Digital Exchange and what is the difference between it and the other Exchangs?
On the descending market, the performance of the Leading Financial Services is very bad, so if you have investments, it is better to pulled it before the trading turns into red.
Title: Re: DBS Digital Exchange Sees 3-Fold Surge in Trading Value — Custodied Crypto up 80
Post by: yhiaali3 on July 22, 2024, 01:00:53 PM
Quote
The number of active trading clients on Ddex grew 36%, while digital assets custodised with DBS surged over 80% in Singapore dollar terms.
In fact, if these numbers are true, this is considered very good growth over a relatively short period in this market, where competition has become difficult due to the entry of many large institutions.

This exchange is not famous enough like the big exchanges such as Binance, KuCoin, OKX and others, but it seems to have good popularity in Asian countries, and its popularity may have increased by its association with a large bank in Singapore. DBS also entered into a partnership with Paxos to manage cash and store stable currencies. According to the news, this has significantly improved the growth of the exchange.
Title: Re: DBS Digital Exchange Sees 3-Fold Surge in Trading Value — Custodied Crypto up 80
Post by: libert19 on July 22, 2024, 01:17:00 PM
Quote from: Husires on July 22, 2024, 12:02:45 PM
Quote from: libert19 on July 16, 2024, 06:57:43 AM
I love DBS, it's such a good bank. Wish the regulations in my country were crypto friendly, that they would have allowed retail investors to trade.

Imagine trading cryptos to fiat within your bank account, it'd be lit! I wish for that day.
What is DBS Digital Exchange and what is the difference between it and the other Exchangs?
On the descending market, the performance of the Leading Financial Services is very bad, so if you have investments, it is better to pulled it before the trading turns into red.

I use DBS bank, if my country were to be crypto friendly, chances are they would allow crypto trading within the bank app, so I would not have to trade on other crypto exchanges, making things extra convenient.
Title: Re: DBS Digital Exchange Sees 3-Fold Surge in Trading Value — Custodied Crypto up 80
Post by: Z-tight on July 22, 2024, 02:47:52 PM
I don't know too much about DBS in itself, but i understand that it is a bank that runs the DBS digital exchange (Ddex), if there are more people trading in their service, then good for them. But i see they advertise themselves as a 'custody solution', but not your keys, not your coins, so i would not recommend that anyone should store their funds in a wallet that they do not control.