Sygnum Bank Achieves Profitability Amidst Swift Growth in the Crypto Sector

Swiss-based crypto bank Sygnum achieved profitability in the first half of 2024, thanks to strong growth in custody, trading, and lending services. 

With assets under administration exceeding $4 billion, Sygnum serves clients in over 60 countries and operates under Swiss and Singaporean banking licenses, ensuring regulatory compliance and security. The recent Strategic Growth Round, which raised over $40 million, will fuel Sygnum’s expansion into new markets, including the European Union.

Clever Robot News Desk 27^th July 2024