{"id":66200,"date":"2022-08-23T17:57:03","date_gmt":"2022-08-23T14:57:03","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=66200"},"modified":"2025-09-07T00:06:18","modified_gmt":"2025-09-06T21:06:18","slug":"turnover-on-dbss-institutional-crypto-platform-doubles","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/turnover-on-dbss-institutional-crypto-platform-doubles\/","title":{"rendered":"Turnover on DBS’s institutional crypto platform doubles"},"content":{"rendered":"

The DDEx<\/span>, linked to Singapore’s largest bank, reported that crypto transactions doubled in June compared with April. The report comes from Finews Asia<\/a>.<\/p>\n

Of all orders placed during the period, 90% were related to opening long positions.<\/p>\n

Ethereum purchases rose by 65%, Bitcoin fourfold. The number of coins held in custody rose by 30% and 3%, respectively.<\/p>\n

The total number of clients on the platform geared to institutional and professional investors rose by 10%.<\/p>\n

DBS moved to year-end its plan to \u043f\u0440\u0435\u0434\u043e\u0441\u0442\u0430\u0432\u043b\u0435\u043d\u0438\u044e \u0434\u043e\u0441\u0442\u0443\u043f\u0430<\/a> to DDEx for retail clients due to regulatory uncertainty<\/a>. In the coming months, an exemption for accredited investors could be considered.<\/p>\n

\n

\u201cWe are witnessing a major reset \u2014 investors are shifting focus from chasing yields to seeking safe havens for trading and storing digital assets amid market volatility,\u201d<\/em> said Lionel Lim, CEO of DDEx.<\/p>\n<\/blockquote>\n

Earlier this year, the institution launched a Bitcoin exchange for institutional clients. ForkLog reported<\/a> such plans in October 2020.<\/p>\n

In August 2021, DBS Bank notified<\/a> that the Monetary Authority of Singapore had granted an \u201cin-principle\u201d approval to asset managers and firms to provide cryptocurrency services.<\/p>\n

Last year the bank placed on its digital platform security tokens<\/a> worth SG$15 million ($11.3 million).<\/p>\n

Follow ForkLog’s Bitcoin news on our Telegram channel \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"

The DBS platform DDEx, affiliated with Singapore’s largest bank, reported that crypto transactions doubled in June versus April. The report comes from Finews Asia.<\/p>\n","protected":false},"author":1,"featured_media":66201,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1166,1572,1156],"class_list":["post-66200","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-centralized-exchanges-cex","tag-dbs","tag-institutional-investors-and-whales"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/66200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=66200"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/66200\/revisions"}],"predecessor-version":[{"id":66202,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/66200\/revisions\/66202"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/66201"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=66200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=66200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=66200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}