DBS Digital Exchange reported that trading transactions on the BTC side increased by 80 percent.
With the statements made by DBS Digital Exchange on Wednesday, he mentioned the increasing trading volume of BTC. DBS focused on scandalous events such as FTX, The Arrows Capital, which happened on the crypto side last year. DBS CEO Lionel Lim expressed his thoughts on the market as follows;
“We have had many events in the past year that have negatively impacted the crypto industry. As a result of these situations that we have been through, the crypto market has started to take safe and stable steps again.”
DBS Launches Crypto Service In Hong Kong
DBS announced in a statement that it has filed license applications to provide crypto services in Hong Kong.
Lim stated that as of this week, a license application is planned to provide crypto services for Hong Kong-based customers. He added that he closely follows the developments in the crypto sector and that opportunities are observed in this field.
Lim explained that due to the volatility and uncertainty in the crypto market, offers of securities are suspended. However, DBS added that it will make moves to list high quality STOs with its work in 2023.
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