DBS Bank took advantage of the collapse of crypto-exchanges in 2022

Singapore’s DBS Bank launched its own digital currency platform in 2020. Against the backdrop of bitcoin exchanges going bust in 2022, the bank’s platform saw a surge in investor activity.
DBS Bank CEO Lionel Lim said bitcoin trading volume on the platform was up 80 percent year over year.
The volume of cryptocurrency owned by bank clients and placed in DBS Bank wallets has more than doubled over the past 12 months. The surge in user trading activity occurred because of the crash of crypto-exchanges last year.

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