Connected to Singapore’s largest bank DBS platform DDEx He reported that crypto transactions doubled in June compared to April. Finews Asia writes about it.

90% of all orders placed during the reporting period were associated with the opening of long positions.

The number of Ethereum purchased increased by 65%, bitcoins – quadrupled. The number of coins in the custody service increased by 30% and 3%, respectively.

The total number of customers of the platform for institutional and professional investors increased by 10%.

DBS has delayed its plan to provide access to DDEx for retail customers to the end of the year due to regulatory uncertainty. An exception can be made for qualified investors in the coming months.

“We are seeing a major reset as investors shift their focus from pursuing returns to finding safe havens to buying and selling digital assets amid market volatility.” – said CEO DDEx Lionel Lim.

Recall that at the beginning of 2021 the institution launched a bitcoin exchange for institutions. ForkLog reported on similar plans in October 2020.

In August 2021, DBS Bank reported to the Monetary Authority of Singapore its “in principle” approval of providing cryptocurrency services to asset managers and companies.

Last year, the bank placed SGD 15 million ($11.3 million) worth of security tokens on its digital platform.

Read ForkLog bitcoin news in our Telegram – cryptocurrency news, courses and analysis.