Bitcoin has been mounting in DBS Digital Exchange in volatile June

Bitcoin custodied by Singapore-based DBS Digital Exchange (DDEx) grew by 30% from April 30 to June 30 this year while Ethereum under custody grew by 3% during the same period. 

See related article: DBS Bank slams brakes on retail crypto trading

Fast facts

• Bitcoin bought on DDEx in June was nearly four times that of April this year, while Ethereum purchased in the exchange in June was 65% higher than in April, DDEx said in a statement.
• Investors are picking up buying opportunities amid attractive valuations, with “buys” accounting for over 90% of trades on DDEx in June this year, the exchange backed by Southeast Asia’s largest lender said.
• DBS Bank-backed DDEx said its professional investor clients are parking more digital assets with its custody solution amid volatile market conditions. 

• The member-only exchange said it is on track to roll out self-directed trading for accredited investors in the coming months, allowing them greater control over their digital asset portfolios. 

• “What we are seeing in the digital asset industry is a great reset as the investment narrative shifts decisively away from the chase for yield,” Lionel Lim, chief executive of DBS Digital Exchange, said in a statement. “Investors today are instead seeking out safe harbors to trade and store their digital assets amid the ongoing market volatility.”

• The exchange registered a 10% growth in its customer base as of June 30 compared to April 30, the exchange said. 

See related article: DBS Digital Exchange hits new high in trading value