Ethereum

2024

Bitcoin

Read

Switzerland-based crypto bank Sygnum has expanded its list of supported banks, adding PostFinance, ZugerKB, LuzernerKB, and VZ Depotbank among others.
<a href="https://crypto.news/tag/sygnum/" target="_blank" rel="noopener noreferrer nofollow">Sygnum</a>, a crypto-friendly bank catering to institutional and professional investors, has achieved another milestone, with its list of supported clients for business-to-business (B2B) services surpassing 20 entities.
In a Jun. 27 blog announcement, the Zurich-headquartered bank stated that the expansion allows its bank clients to enhance their end-client services, including purchasing, transferring, and holding crypto. As Sygnum’s list of supported financial lenders now includes PostFinance, ZugerKB, LuzernerKB, VZ Depotbank, PKB, SocGen Forge, and others, the bank claims that a “third of the Swiss population” can now buy, hold, trade, earn and transfer crypto.
You might also like: <a href="https://crypto.news/bis-and-central-banks-of-france-singapore-and-switzerland-wrap-up-cbdc-project/" rel="noopener noreferrer nofollow"> BIS and central banks of France, Singapore, and Switzerland wrap up CBDC project </a>
Sygnum also revealed that 61% of PostFinance customers who bought crypto after their launch with Sygnum in February 2024 “were not only first-time crypto investors, but also first-time investors in any asset class at PostFinance.”
Fritz Jost, Sygnum’s chief B2B officer, attributes the high acceptance of crypto-related services among financial institutions in Switzerland to <a href="https://crypto.news/sec-approves-spot-bitcoin-etf-on-accelerated-basis/" rel="noopener noreferrer nofollow">regulatory changes</a> in the U.S., noting that the introduction of multiple exchange-traded funds (<a href="https://crypto.news/tag/etf/" target="_blank" rel="noopener noreferrer nofollow">ETFs</a>) for spot Bitcoin and Ethereum “played a prominent part in legitimizing the two leading digital assets—bolstering investor confidence in the broader asset class.”
The Swiss crypto bank states that Switzerland’s population surpassed the 20% crypto adoption mark last year, the highest in Europe and “more than double the level of the U.K., Germany, and France.” Launched in 2017, Sygnum <a href="https://crypto.news/swiss-crypto-bank-sygnum-bags-41m-to-expand-services-acquisitions/" target="_blank" rel="noopener noreferrer nofollow">raised over $40 million</a> at a valuation of about $800 million in early 2024 in a funding round led by asset manager Azimut Holding.
Read more: <a href="https://crypto.news/sygnum-singapore-gets-approval-to-offer-crypto-services/" rel="noopener noreferrer nofollow"> Sygnum Singapore gets approval to offer crypto services </a>

Swiss crypto bank Sygnum onboards 20 lenders to broaden crypto access

crypto.news

Други статии, публикувани на 27.06.2024 г.

Ethereum ETF Report from Galaxy Research! How Much Entry Is Expected in the First Months! Here ar...

AdEx Introduces a Revamped Platform for Web3 Advertisers with Enhanced AI and Zero-Knowledge Tech...

Trade the Market Like a Pro: The AI-Powered Trading Bot Anyone Can Use

Bitstamp delists Euro Tether (EURT) as MiCA rules are rolled out

Solana jumps 8% as VanEck files first SOL ETF bid

Ripple Will Unlock 1 Billion XRP in July! The Crypto is at Risk of Collapsing!

Присъединете се към нашия безплатен бюлетин за ежедневни крипто актуализации!