Swiss Crypto Bank Sygnum Achieves Profitability Amid Rapid Growth

Swiss-based crypto bank Sygnum has achieved profitability in the first half of 2024, marking a significant milestone in the digital asset industry. The bank’s success is attributed to robust growth across its core business segments, including custody, trading, and lending services. With assets under administration surpassing $4 billion, Sygnum caters to clients from over 60 countries, emphasizing regulatory compliance and security. Notably, the bank operates under Swiss and Singaporean banking licenses, ensuring a safe and compliant environment for its users. The recent Strategic Growth Round, which raised more than $40 million, will support Sygnum’s expansion into new markets, including the European Union.