Southeast Asia's largest bank says bitcoin trading volume on its crypto exchange jumped 80% while ether trading volume rose 65% in 2022. cryptocurrency DBS
. Its customer base doubled in 2022 from the previous year, the bank said, adding that at the end of December, the DBS exchange had close to 1,200 registered participants.
“As a regulated digital exchange backed by the DBS Group, we offer many unique advantages that investors have come to appreciate as they seek reliable gateways to access the digital asset economy,” Lim detailed. The largest bank in Southeast Asia said it did not observe any major sell-offs in cryptocurrencies on its platform last year despite the crypto winter and several major firms in the space filing for bankruptcy, including crypto exchange FTX. The bank added that its exchange’s customers had a net-buy position throughout the second half of 2022.
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