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Singapore’s largest bank posts tenfold crypto volume growth in Q1 2021

Singapore’s largest bank posts tenfold crypto volume growth in Q1 2021 | COSS Exchange

Singapore’s largest bank posts tenfold crypto volume growth in Q1 2021DBS Bank, Singapore’s largest retail and commercial bank, has announced its first-quarter financial results following the launch of its institutional cryptocurrency exchange in December 2020.DBS chief financial officer Chng Sok Hui said that the bank saw record performance as quarterly net profit surpassed $2 billion for the first time in history, doubling from the previous quarter.

 

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