DBS Bank believes that Bitcoin remains an unprecedented opportunity
Singaporean financial services firm DBS Bank stated that Bitcoin’s ability to process continuous transactions without needing a central counterparty for clearing makes it an unprecedented opportunity in history.
In June, the bank’s digital asset arm, DBS Digital Exchange (DDEx), recorded a significant spike in its Bitcoin trading volume despite the market crash and Terra-Luna collapse in April and May, respectively. According to DDEx, the BTC trading volume recorded in June was four times higher than April’s.