Share this article
DBS Says Bitcoin Trading up 80% in 2022 on DDex Exchange
DBS’ crypto exchange, which is not open to retail traders, currently allows for bitcoin, ether, XRP, bitcoin cash, DOT and ADA trading.
By Sam Reynolds
Updated Feb 15, 2023, 5:21 p.m. Published Feb 15, 2023, 4:03 a.m.
Singapore’s DBS bank said in a release the amount of bitcoin traded on its DDEx exchange was close to 80% higher year on year, while the amount of ether traded on the platform was nearly 65% higher.
The bank wouldn’t release figures related to dollar value trading, but a spokesperson told CoinDesk that the value traded on DDEx in 2022 is flat compared to the year prior because of price volatility.
STORY CONTINUES BELOW
Non perderti un'altra storia.Iscriviti alla Newsletter Crypto Daybook Americas oggi. Vedi tutte le newsletter
Bitcoin dropped by about 65% in 2022, beginning the year at around $46,000 and ending close to $16,500.
DDEx also said it had doubled its customer base in 2022 with close to 1,200 participants registered on the exchange, and pointed to an increase in clients using its digital custody solution.
Last year DBS said it planned to expand DDEx into retail trading by the end of 2022, but canceled those plans in April 2022 citing Singapore's regulatory environment.
In a February 2022 interview with CoinDesk, Lionel Lim, the CEO of DDEx, said the exchange’s full-year trading volume was about $819 million for 2021, a fraction of what institution-focused LMAX Digital or Hong Kong-based institutional exchange OSL would do.
DBS is also considering expanding DDEx into Hong Kong when authorities in the city finalize its new crypto framework.
“At the appropriate time, DBS will apply for the necessary licenses in Hong Kong to avail our digital asset solutions to the market,” Sebastian Paredes, CEO of DBS Bank’s Hong Kong operations, said in a statement.
Recently, DDEx expanded the tokens available for trading on its platform to six by adding and Cardano's ADA.
Di più per voi
Cosa sapere:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Di più per voi
Bitcoin Rebounds to $93K From Post-Fed Lows, but Altcoins Remain Under Pressure
Downward pressure on bitcoin is losing steam, with the market stabilizing but not yet out of the woods, said one analyst.
Cosa sapere:
- Bitcoin rebounded from a sharp early selloff on Thursday to trade above $93,000 shortly after the close of U.S. stocks.
- The late-day gain in bitcoin came alongside a rebound in the Nasdaq from big morning losses; the tech index closed with just a 0.25% loss.
- Downward pressure on bitcoin is losing steam, said one analyst, but the market is not yet out of the woods.
Top Stories
