![](https://rebelreach.blob.core.windows.net/25824/177895.png)
tl;dr
DBS, the largest bank in Singapore, has experienced a significant increase in trading volume on its digital exchange. The value of digital payment tokens traded on DBS Digital Exchange in the first five months of 2024 tripled compared to the same period in 2023 in Singapore dollar terms. The number ...
Trading volume on DBS Digital Exchange triples in the first five months of 2024, with plans to expand products for professional investors.
DBS denies claims of being an Ethereum whale, expands digital exchange services to include crypto custody.
DBS, the largest bank in Singapore, has experienced a significant increase in trading volume on its digital exchange. The value of digital payment tokens traded on DBS Digital Exchange in the first five months of 2024 tripled compared to the same period in 2023 in Singapore dollar terms. The number of active trading clients on the exchange grew by over a third (36%), and digital assets held by the platform increased by 80% over the same period last year.
DBS Digital Exchange CEO Lim Wee Kian stated that professional investors are increasingly considering digital assets as a legitimate part of their alternative portfolios, and the platform plans to expand its products for professional investors, including studying the listing of stablecoins and enabling clients to earn rewards through Ethereum staking.
Despite denying claims of being an Ethereum whale, DBS has been an early adopter of crypto, launching its digital exchange in 2020 and adding support for China's e-CNY central bank digital currency in 2023. The bank's digital exchange serves institutional and accredited investors and is claimed to be the world's first full-service digital exchange backed by a bank. DBS expanded its services to offer a crypto custody service in 2021.
DBS, the biggest bank in Singapore, has seen trading volume on its digital exchange skyrocket this year. The value of digital payment tokens traded on DBS Digital Exchange in the first five months of 2024 tripled over the same period in 2023, in Singapore dollar terms, according to a press release shared with Decrypt. The number of active trading clients on the exchange grew by over a third (36%), while digital assets held by the platform were up 80% over the same period last year.
With professional investors "increasingly viewing digital assets as a legitimate part of their alternative portfolios," DBS Digital Exchange CEO Lim Wee Kian said that the platform plans to expand its suite of products for professional investors. The firm is "studying listing stablecoins on our exchange and studying how to enable clients to earn rewards through Ethereum staking," he added.
Earlier this year, the bank stepped in to quash reports that it was an Ethereum whale, denying claims by blockchain analytics firm Nansen that it operated a wallet holding over $650 million in ETH. Nevertheless, DBS has been something of an early adopter of crypto, launching its digital exchange in 2020 when many banks were blocking crypto transactions and adding support for China's e-CNY central bank digital currency (CBDC) in 2023.
The bank's digital exchange serves institutional and accredited investors and claims to be the world's first full-service digital exchange backed by a bank. DBS expanded its services to offer a crypto custody service in 2021.
More about Emeren Group Ltd
Emeren Group Ltd, ReneSola Ltd, develops, builds, operates and sells solar energy projects. The company is headquartered in Stamford, Connecticut.
Industry: MANUFACTURING
Sector: SEMICONDUCTORS & RELATED DEVICES
Employees: 87641000
Market Cap: None
Dividend Yield: None
EPS: -0.16
P/E Ratio: 1.918
ROE: -0.127
Volume: 106582000
50-Day Moving Average: 4.88
200-Day Moving Average: 3.42
RSI: 0.148
More about United States Steel Corporation
```html
United States Steel Corporation produces and sells tubular and flat rolled steel products primarily in North America and Europe. The company is headquartered in Pittsburgh, Pennsylvania.
Industry: MANUFACTURING, STEEL WORKS, BLAST FURNACES & ROLLING MILLS (COKE OVENS)
Stock Symbol: 8721931000
Current Price: 11.21
Price Change: 0.2
Change Percentage: 3.46%
Market Cap: 79.23 billion
Earnings per Share (EPS): 0.0489
Revenue: 17.743 billion
Price to Earnings (P/E) Ratio: 38.25
Dividend Yield: -0.129%
Dividend per Share: -0.069
```
More about Meta Platforms Inc.
Industry: Technology, Services-Computer Programming, Data Processing, etc.
Market Cap: 1.34T
Current Price: $30.49
Change: $0.5
52-Week Range: $17.36 - $55.67
Price-Earnings Ratio (P/E): 0.321
Volume: 142.71M
Average Volume: 996M
Dividend Yield: 1.141%
Beta: 0.273
More about Meta Platforms Inc.
Meta Platforms Inc. is a technology company headquartered in Menlo Park, California. It develops products for connecting and sharing through various devices globally.
Sector: Technology
Industry: Services - Computer Programming, Data Processing, etc.
Market Cap: $1.34 trillion
Current Price: $30.49
Price Change: $0.5
52-week Low: $17.36
52-week High: $55.67
Relative Strength Index (RSI): 55.67
Volume: 142,711,996
Market Capitalization: $520.89 billion
Price to Earnings (P/E) Ratio: 1.141
Earnings per Share (EPS): $0.273
More about Alamos Gold Inc
Alamos Gold Inc
Alamos Gold Inc. is engaged in the acquisition, exploration, development and extraction of gold in North America, Canada and Mexico. The company is headquartered in Toronto, Canada.
Industry: ENERGY & TRANSPORTATION
Business Sector: GOLD AND SILVER ORES
Market Cap: 6660930000
Current Price: 32.19
Change: 0.1
Change %: 0.52
YTD High: 2.649
YTD Low: 0.194
Volume: 1049400000
EPS: 18.99
PE Ratio: -0.116
Dividend: 0.104
More about Meta Platforms Inc.
Meta Platforms Inc. Summary Meta Platforms Inc.
Meta Platforms, Inc. develops products that enable people to connect and share with friends and family through mobile devices, PCs, virtual reality headsets, wearables and home devices around the world. The company is headquartered in Menlo Park, California.
Industry
Technology, Services-Computer Programming, Data Processing, etc.
Key Financial Data
Market Cap: 134.26B
Current Price: $30.49
Dividend Yield: 0.5%
Price to Earnings Ratio: 17.36
52-Week High: $55.67
52-Week Low: $30.321
Volume: 142.71M
Average Volume: 996M
EPS: $520.89
PE Ratio: 1.141
Beta: 0.273
More about C3 Ai Inc
Stock Analysis: C3 Ai Inc C3 Ai Inc (C3)
Sector: Technology
Industry: Services-Prepackaged Software
Market Cap: $3,709,591,000
Dividend Yield: None
EPS: -2.34
PE Ratio: 2.602
Forward PE Ratio: -0.901
Volume: 310,582,000
Stock Price: $29.35
52-week Range: $0 - $0
RSI (14): 0.196
More about Sprott Focus Trust
Sprott Focus Trust experienced a notable increase, rising by 8.02 points to reach 222.685. This positive movement suggests a potential bullish trend in the technology sector. The Relative Strength Index (RSI) also indicates a strengthening position, climbing by 0.498 to 0.93. Additionally, the stock displayed a notable increase in volatility, with Bollinger Bands expanding by 0.281, reaching 3.272.
Despite these promising indicators, it's important to note that the stock encountered resistance at the 8396500 level, potentially signaling a temporary halt in its upward trajectory. The moving average also exhibited a slight decline, decreasing by 2.366. It's crucial for investors to approach this situation with caution, considering the potential impact of these factors on future market performance.
More about TransAlta Corp
TransAlta Corporation Stock Analysis Summary
TransAlta Corporation owns, operates, and develops a diverse fleet of electric power generation assets in Canada, the United States, and Australia. The company is headquartered in Calgary, Canada.
Sector: Energy & Transportation
Industry: Electric Services
Market Cap: 2,105,237,000
Price: 4.839
Change: 0.225
Change %: 1.43
PE Ratio: 11.23
EPS: 0.194
Revenue: 3,213,000,000
Dividend Yield: 10.4
Beta: -0.343
Volatility: -0.13