Sygnum Bank Profitable as Crypto Trading Volumes Double

Shiva Ganesh

Sygnum Bank achieved profitability in the first half of 2024

Crypto spot trading volumes doubled, and crypto derivatives trading increased by 500%

The bank plans to expand into the European Union and Hong Kong

Sygnum aims to become fully compliant with the EU's Markets in Crypto-Assets (MiCA) regulations by Q1 2025

The approval of Bitcoin and Ethereum ETFs in the U.S. significantly boosted trading volumes

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