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

Cointelegraph

Published May 04, 2021 09:15AM ET

Updated May 04, 2021 11:20AM ET

DBS 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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