• About Us
  • Careers
  • Contact
No Result
View All Result
Thursday, October 16, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Market Analysis
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Market Analysis
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home Business

Crypto Bank Sygnum Plans EU and Asia Expansion Following Profitable First Half of 2024

25 July 2024
in Business, News
Reading Time: 3 mins read
104 6
Crypto Bank Sygnum Plans EU and Asia Expansion Following Profitable First Half of 2024

source: prnewswire.com

Swiss digital asset bank Sygnum has revealed plans for expansion in the European Union and Asia following a profitable first half of 2024.

The bank reported significant growth across its services, with crypto derivatives trading surging 500% and spot trading volumes seeing a two-fold rise compared to the same period in 2023.

The bank’s Thursday press release revealed a 360% increase in loan volumes and over 1,000 daily trades. Martin Burgherr, Sygnum’s Chief Clients Officer, attributed this growth to the recent approval of Bitcoin and Ethereum ETFs, calling it a “watershed moment” for the crypto sector in 2024.

Burgherr also noted that the firm’s core business areas have seen a substantial year-to-date increase in the first half of the year.

Notably, Ethereum staking among Sygnum’s clients reached 42%, surpassing the global average by 15%. This trend is particularly relevant given the evolving landscape of Ethereum-related ETF products.

The bank also reported that it onboarded over 20 banks, including SocGen and PostFinance, to its bank-to-bank (B2B) network. It claimed that this move enables it facilitate regulated crypto services for approximately one-third of the Swiss population. 

The bank noted that its expansion into the European market would come in the first quarter of 2025, in line with the forthcoming Markets in Crypto-Assets Regulation (MiCA). Sygnum’s expansion will include new offices and licences in the 30 countries comprising the European Union and European Economic Area.

In Asia, Sygnum aims to establish a presence in emerging markets through its regulated crypto services platform in Singapore. The bank also noted that it is in advanced stages of planning for regulated operations in Hong Kong. Notably, the bank has already set up operations in Abu Dhabi as part of its efforts to the regional market.  

Meanwahile, Sygnum recently partnered with Chainlink and Fidelity International to bring net asset value (NAV) data on-chain. This partnership is particularly useful for Sygnum as it enables its clients—and broader market participants—to quickly access historical data on these assets.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with Markets PRO, DeFi Planet’s suite of analytics tools.”

Tags: AsiaCryptoEUSygnum
Share64Tweet40Share11
Jewel Buddy

Jewel Buddy

Buddy Jewel is a finance writer specializing in cryptocurrency news. With a keen eye on the latest developments in the digital asset space, I provides insightful and timely updates on the ever-evolving world of crypto.

Related Posts

Re Integrates Chainlink Proof of Reserve to Bolster Transparency in Onchain Reinsurance
DeFi

Re Integrates Chainlink Proof of Reserve to Bolster Transparency in Onchain Reinsurance

16 October 2025
U.S. Indicts Prince Group Founder Over Multi-Billion Dollar Crypto Scam and Human Trafficking Ring
Crime

U.S. Indicts Prince Group Founder Over Multi-Billion Dollar Crypto Scam and Human Trafficking Ring

15 October 2025
Stablecoin Surge Signals Renewed Crypto Market Momentum
News

Stablecoin Surge Signals Renewed Crypto Market Momentum

15 October 2025
OKX blocks funds tied to Cambodia’s Huione Group after U.S. designates it a major crypto-linked money laundering network.
Crime

OKX Blocks Funds Linked to Huione Group Following U.S. Money Laundering Designation

15 October 2025

Editors Picks

Web3 in 2025: Where We Are, What’s Next, and What the Data Says

Web3 in 2025: Where We Are, What’s Next, and What the Data Says

byOlayinka Sodiq
21 July 2025
0

What Is a Rebase Token and How Does It Work?

What Is a Rebase Token and How Does It Work?

byOlajumoke Oyaleke
28 June 2025
0

What Are DeFi Options Vaults, and How Do They Work?

What Are DeFi Options Vaults, and How Do They Work?

byOlajumoke Oyaleke
26 June 2025
0

What Are Teardrop Attacks in Crypto?

byOlajumoke Oyaleke
17 June 2025
0

What Are Fractional NFTs, and How Do They Work?

What Are Fractional NFTs, and How Do They Work?

byBlessing Lisafi
7 February 2024
0

Read More

Chain of Thoughts

The Aesthetics of Web3: Why Vibe Matters in Decentralized Communities

The Aesthetics of Web3: Why Vibe Matters in Decentralized Communities

byOlu Omoyele
27 September 2025
0

...

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

byOlu Omoyele
30 August 2025
0

...

What Happens When AI Gets a Wallet?

What Happens When AI Gets a Wallet?

byOlu Omoyele
31 July 2025
0

...

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Markets Update

Crypto in Latin America: Adoption Booms as Media Visibility Falls

2 days ago

Your Weekend Crypto Roundup | October 2025 (Week 2)

6 days ago

Your Weekend Crypto Roundup | October 2025 (Week 1)

2 weeks ago

What $1 Billion in Liquidations Means for Market Stability

2 weeks ago

Why Crypto’s Cross-Chain Future Depends on Regulatory Readiness

2 weeks ago

MicroStrategy’s Debt-Fueled Bitcoin Buys: Smart Treasury Move or Dangerous Precedent?

2 weeks ago
Read More

Events

  • No events
  • Spotlight

    All about Ethereum
    All about Algorand
    All about Bitcoin
    All about Gora

    Press Releases

    xMoney Launches $XMN on Sui, Expands Listings Across Global Exchanges

    bychainwire
    15 October 2025
    0

    ZETA NETWORK GROUP (NASDAQ: ZNB) STRENGTHENS BALANCE SHEET WITH USD 231 MILLION BITCOIN-BACKED INVESTMENT AMID MARKET TURBULENCE

    bychainwire
    15 October 2025
    0

    On-Chain Cultural Assets: Decoding City Protocol’s IP Capital Market

    bychainwire
    14 October 2025
    0

    Tria raises $12M to be the leading self-custodial neobank and payments infrastructure for humans and AI.

    bychainwire
    14 October 2025
    0

    AriyaX Capital Launches AXPT: A Regulated Aviation-Backed Token Bringing Real-World Asset Yield to Blockchain

    AriyaX Capital Launches AXPT: A Regulated Aviation-Backed Token Bringing Real-World Asset Yield to Blockchain

    byGuest Author
    13 October 2025
    0

    Read More

    ADVERTISING

    ABOUT

    TEAM

    CAREERS

    CONTACT

    TERMS & CONDITIONS

    PRIVACY POLICY

    © Copyright 2025 DeFi Planet

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • News
      • People
      • Business
      • Crime
      • Regulation
      • Crypto
      • CBDC
    • Market Analysis
      • Bitcoin
      • Ethereum
      • Stablecoins
      • Altcoins
      • Crypto ETFs
      • Memecoins
    • Policy
    • Articles
      • Press Releases
      • Opinion
      • Explainers
      • Guest Post
      • Sponsored
    • Directory
      • Companies
      • People
      • Products
      • Wallets
    • Multimedia
      • Videos
      • Podcasts
    • Learn
      • DeFi Basics
      • Tutorials
      • Reviews
      • Blockchain Fundamentals
    • Research
      • Case Studies
    • Explore
      • DeFi
      • Crypto Gaming
      • NFT
      • DAO
      • Metaverse
      • Glossary
    • Jobs
    • Markets Pro
      • DeFi Planet Pro
      • Spend Crypto
      • Swap Crypto
      • Coin Prices
      • Crypto Exchanges
      • Crypto Analyzer

    © Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

    -
    00:00
    00:00

    Queue

    Update Required Flash plugin
    -
    00:00
    00:00