Cryptocurrencies
DBS Exchange Says Bitcoin Trading Surged Amid Global Selloff
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DBS Group Holdings Ltd. said the number of trades on its digital exchange more than doubled in June from two months earlier with buys accounting for 90%, in contrast to a massive sell-off in crypto assets globally.
The quantity of the world’s largest token, Bitcoin, bought on the members-only exchange was four times higher than April, according to a statement from Southeast Asia’s largest lender, which did not provide numbers for other months. DBS launched the digital exchange in December 2020.