Singapore’s largest bank posts tenfold crypto volume growth in Q1 2021

posted 7 months ago
DBS chief financial officer Chng Sok Hui said that the bank saw record performance as quarterly net profit surpassed $2 billion for the first time in history, doubling from the previous quarter.

DBS’ newly launched crypto platform, DBS Digital Exchange, apparently played a significant role in the bank’s latest milestone, as the platform saw a tenfold increase in daily trading volumes, reaching $30 million to $40 million, DBS CEO Piyush Gupta said.
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