{"id":41855,"date":"2021-05-04T14:09:33","date_gmt":"2021-05-04T11:09:33","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=41855"},"modified":"2025-08-30T20:39:00","modified_gmt":"2025-08-30T17:39:00","slug":"singapores-largest-bank-reveals-results-of-its-own-bitcoin-exchange","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/singapores-largest-bank-reveals-results-of-its-own-bitcoin-exchange\/","title":{"rendered":"Singapore&#8217;s largest bank reveals results of its own Bitcoin exchange"},"content":{"rendered":"<p>DBS Group, Singapore&#8217;s largest financial group, published its results for the first quarter of 2021, revealing the performance of its cryptocurrency exchange \u2014 DBS Digital Exchange.<\/p>\n<p><!--more--><\/p>\n<p>During the period, trading volume on the platform, oriented toward institutional and accredited investors, rose more than tenfold to $23\u201330 million.<\/p>\n<p>According to the document, the exchange serves 120 client accounts and there are &#8216;hundreds, possibly thousands waiting in line&#8217;. Assets under management total $60 million.<\/p>\n<p>At an <a href=\"https:\/\/seekingalpha.com\/article\/4423253-dbs-group-holdings-ltd-dbsdf-ceo-piyush-gupta-on-q1-2021-results-earnings-call-transcript\" target=\"_blank\" rel=\"noreferrer noopener\">\u0441\u043e\u0432\u0435\u0449\u0430\u043d\u0438\u0438 \u0441 \u0438\u043d\u0432\u0435\u0441\u0442\u043e\u0440\u0430\u043c\u0438<\/a> the group CEO Piyush Gupta [Piyush Gupta] advised not to expect profits from this line before 2022. For now, the platform&#8217;s contribution to DBS Group&#8217;s revenue is less than one percent.<\/p>\n<p>In the second quarter, the exchange plans to conduct the first <a href=\"https:\/\/u1f987.com\/en\/news\/what-are-security-tokens-and-security-token-offerings-stos\">STO<\/a> on its platform. It will also introduce custodial services and will develop <a href=\"https:\/\/u1f987.com\/en\/news\/jpmorgan-dbs-and-temasek-to-build-blockchain-platform-for-interbank-payments\">blockchain platform Partior<\/a>, developed jointly with Temasek and JPMorgan.<\/p>\n<p>Earlier in December 2020, the group launched <a href=\"https:\/\/u1f987.com\/en\/news\/singapores-largest-bank-confirms-launch-of-cryptocurrency-exchange\">a platform for trading digital assets<\/a>. The Singapore Exchange took a 10% stake in DBS Digital Exchange.<\/p>\n<p><\/p>\n<p style=\" margin: 12px auto 6px auto; font-family: Helvetica,Arial,Sans-serif; font-style: normal; font-variant: normal; font-weight: normal; font-size: 14px; line-height: normal; font-size-adjust: none; font-stretch: normal; -x-system-font: none; display: block;\">   <a title=\"View 1Q21 Media Briefing on Scribd\" href=\"https:\/\/www.scribd.com\/document\/506166799\/1Q21-Media-Briefing#from_embed\" style=\"text-decoration: underline;\">1Q21 Media Briefing<\/a> by <a title=\"View ForkLog's profile on Scribd\" href=\"https:\/\/www.scribd.com\/user\/456422024\/ForkLog#from_embed\" style=\"text-decoration: underline;\">ForkLog<\/a> on Scribd<\/p>\n<p><iframe loading=\"lazy\" class=\"scribd_iframe_embed\" title=\"1Q21 Media Briefing\" src=\"https:\/\/www.scribd.com\/embeds\/506166799\/content?start_page=1&#038;view_mode=scroll&#038;access_key=key-NjxPXOoqvqG4CnowdH6r\" data-auto-height=\"false\" data-aspect-ratio=\"0.7080062794348508\" scrolling=\"no\" id=\"doc_45617\" width=\"100%\" height=\"600\" frameborder=\"0\"><\/iframe><\/p>\n<p>Subscribe to ForkLog&#8217;s news on Twitter!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Singapore&#8217;s largest financial group disclosed the results of its cryptocurrency exchange \u2014 DBS Digital Exchange.<\/p>\n","protected":false},"author":1,"featured_media":41856,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1229,1166,946],"class_list":["post-41855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-banks-and-fintech","tag-centralized-exchanges-cex","tag-singapore"],"aioseo_notices":[],"amp_enabled":true,"views":"29","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/41855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=41855"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/41855\/revisions"}],"predecessor-version":[{"id":41857,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/41855\/revisions\/41857"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/41856"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=41855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=41855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=41855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}