DBS Bank reports a fourfold increase in Bitcoin purchases on the DDEx exchange in June

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Last Updated on August 23, 2022 by Bitfinsider

According to data from one of Singapore’s largest banks, a major cryptocurrency selloff in June 2022 has increased institutional investors’ interest in Bitcoin (BTC).

The total number of trades on DDEx more than doubled in June 2022 compared to April 2022, owing to increased investor interest in digital assets such as Bitcoin and Ether (ETH). According to DBS, buy orders on DDEx accounted for 90% of all trades in June, as cryptocurrencies traded at significant discounts in mid-2022.

According to DBS, the amount of Bitcoin purchased on DDEx in June increased fourfold compared to April 2022, while the amount of ETH increased 65%.

According to DDEx CEO Lionel Lim, the digital asset industry has experienced a “great reset” as the investment narrative has shifted away from yield-chasing. “Instead, investors today are looking for safe havens to trade and store their digital assets amid ongoing market volatility,” Lim explained.


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Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.


Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.

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