Busan Digital Asset Exchange Bdan Sees 20x Surge in Silver-Backed Product Trading on Rising Semiconductor Demand

Transactions of "e-Silver," a physical silver-backed product offered by Busan Digital Asset Exchange Bdan, have surged significantly.

Kim Sangmin, CEO of Busan Digital Asset Exchange Bdan, is delivering silver bars to customers who applied for physical exchange. Bdan

According to Bdan on May 13, the trading volume of e-Silver reached 242.2 billion won in the first quarter of this year, nearly 20 times higher than the same period last year (12.6 billion won).

Silver is regarded as a prominent safe-haven asset as well as a hybrid asset with strong industrial characteristics. It is a key raw material used in manufacturing various electronic components such as semiconductor circuits and solar panels.

The recent surge in e-Silver trading volume is largely attributed to the growth of advanced industries such as semiconductors and electric vehicles. As expectations for the growth of the artificial intelligence (AI) industry increase, demand for silver, a core raw material, is expanding. However, supply remains insufficient. According to the Silver Institute, a global silver market data agency, the global silver supply shortage this year is expected to reach 46.3 million ounces, a 15% increase compared to last year.

Bdan supports trading 23 hours a day, 365 days a year, enabling rapid response to fluctuations in international prices. e-Silver allows for small-amount transactions starting from 1 gram, and the tax and fee burden typically incurred in offline transactions is relatively lower.

Kim Sangmin, CEO of Bdan, stated, "We will accelerate efforts to enhance accessibility and further advance services so that anyone can trade digital physical assets safely and conveniently."

This content was produced with the assistance of AI translation services.