TechFlow reports that Swiss crypto bank Sygnum has announced its first half-year profit, without disclosing the exact amount. Spot crypto trading volume surged 100% year-on-year in the first half, while derivatives trading volume grew by 500%. In January, the bank completed a $40 million funding round, increasing its core equity to approximately $125 million.
Sygnum plans to obtain a new license under the EU's MiCA regulations and expand its regulated operations in Hong Kong, reflecting sustained institutional confidence in the crypto market.
Previous report: Sygnum partnered with Fidelity International and Chainlink to bring fund net asset value data on-chain.
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