Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 12450
Markets: 96130
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12450
Cryptocurrencies
55.82%
Bitcoin Share
Cryptopolitan 2025-01-14 13:35:27

Crypto’s Sygnum Bank joins the billion-dollar club after $58 million raise

Crypto’s Sygnum Bank joins the billion-dollar club after $58 million raise

Sygnum Bank just joined the billion-dollar club, and it’s a big deal. The Switzerland-based digital asset bank hit a valuation north of $1 billion after pulling in $58 million in an equity funding round. Fulgur Ventures, a Bitcoin-focused venture capital firm, led the charge, with further support from new and existing investors. Even Sygnum’s own team members threw their hats in the ring. This milestone follows a $41 million funding round in 2024, which set the bank’s valuation at $850 million. The crypto boom—fueled by Bitcoin ETFs and prospective crypto-friendly policies under Donald Trump—helped Sygnum capitalize on a thriving market. By the third quarter, trading revenues for crypto, FX, and securities had already blown past both 2022 and 2023 figures combined. Sygnum’s record-breaking growth in 2024 Sygnum’s growth numbers are hard to ignore. Annual trades surged by more than 1,000% year-over-year, thanks to partnerships with Swiss banking giants like PostFinance and over 20 other institutions on its B2B platform. The bank also manages more than $5 billion in client assets. “Last year was a watershed moment,” said Mathias Imbach, Sygnum’s Co-Founder and Group CEO. “The approval of Bitcoin ETFs marked a critical convergence of traditional finance and decentralized infrastructure.” But it wasn’t just about trades. Sygnum’s crypto derivatives trading surged by 500%, while loan volumes jumped 360%. The funding boost is set to power the bank’s expansion plans for Europe and Hong Kong in 2025. The bank started 2024 strong, announcing a $40 million raise in January that pushed its valuation to $900 million. By midyear, the bank hit another milestone—profitability. H1 2024 saw client assets grow to $4.5 billion, driven by explosive trading activity and strategic partnerships. In July, the bank launched Sygnum Connect, a 24/7 multi-asset settlement network. This platform lets institutional players settle trades anytime, without waiting for traditional banking hours. Big names like AsiaNext and Hidden Road are already on board. By December, the bank closed out the year with a bang. It inked a partnership with Bergos, a Swiss private bank, to enhance service offerings. This collaboration will reportedly bring even more institutional clients into the crypto fold. From Zero to Web3 Pro: Your 90-Day Career Launch Plan

Most Read News



Cryptohopper
hardware wallets, hardware , wallets, Crypto Currency, Cryptocurrency hardware wallets, Crypto Apparal, crypto wallet, Cryptocurrency wallets

Market Cap
24h Vol
55.82%
Bitcoin Share
0
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.