{"id":134061,"date":"2024-07-26T11:00:04","date_gmt":"2024-07-26T08:00:04","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=134061"},"modified":"2024-07-26T01:51:20","modified_gmt":"2024-07-25T22:51:20","slug":"sygnum-bank-reports-profitability-boost-from-crypto-etf-approvals","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/sygnum-bank-reports-profitability-boost-from-crypto-etf-approvals\/","title":{"rendered":"Sygnum Bank Reports Profitability Boost from Crypto ETF Approvals"},"content":{"rendered":"<p>The bank <strong><a href=\"https:\/\/www.prnewswire.com\/apac\/news-releases\/sygnum-posts-profit-and-sets-stage-for-mica-compliant-expanded-eu-market-entry-302205142.html\" target=\"_blank\" rel=\"nofollow\">saw<\/a><\/strong> its spot crypto trading volume double and experienced a dramatic 500% increase in derivatives trading.<\/p>\n<p>Additionally, Sygnum\u2019s lending business grew significantly, with Lombard loan clients nearly doubling and loan volumes expanding by over 360%. The bank attributes its success to improved trading capabilities, strategic partnerships, and a dedicated team of over 250 professionals.<\/p>\n<p>Martin Burgherr, Sygnum\u2019s Chief Client Officer, highlighted that the ETF approvals were crucial in driving increased demand for regulated digital asset exposure.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/peter-schiff-predicts-a-crypto-market-crash-and-shares-how-the-next-recession-will-start\/\" title=\"Peter Schiff Predicts a Crypto Market Crash and Shares How the Next Recession Will Start\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/peter-schiff-thinks-bitcoin-is-being-manipulated-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Peter Schiff Predicts a Crypto Market Crash and Shares How the Next Recession Will Start<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>The bank offers various crypto-related products and has seen a rise in <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">Ethereum<\/a><\/strong> staking among its clients, now representing 42% of its ETH holdings.<\/p>\n<p>Following a $41 million capital raise earlier this year, Sygnum, now valued at $900 million, is preparing to enter the European market and comply with the EU\u2019s Markets in Crypto-Assets Regulation by early 2025.<\/p>\n<p>The bank also plans to extend its regulated services to Asia-Pacific regions, including Hong Kong.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Swiss crypto bank Sygnum Bank has reported profitability for the first half of 2024, largely due to a spike in trading volumes following the approval of Bitcoin and Ethereum ETFs in the U.S.<\/p>\n","protected":false},"author":3,"featured_media":34862,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-134061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sygnum Bank Reports Profitability Boost from Crypto ETF Approvals<\/title>\n<meta name=\"description\" content=\"Swiss crypto bank Sygnum Bank has reported profitability for the first half of 2024, largely due to a spike in trading volumes ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/sygnum-bank-reports-profitability-boost-from-crypto-etf-approvals\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sygnum Bank Reports Profitability Boost from Crypto ETF Approvals\" \/>\n<meta property=\"og:description\" content=\"Swiss crypto bank Sygnum Bank has reported profitability for the first half of 2024, largely due to a spike in trading volumes ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptodnes.bg\/en\/sygnum-bank-reports-profitability-boost-from-crypto-etf-approvals\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoDnes EN\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-26T08:00:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/sygnum-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1012\" \/>\n\t<meta property=\"og:image:height\" content=\"741\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alexander Stefanov\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alexander Stefanov\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/sygnum-bank-reports-profitability-boost-from-crypto-etf-approvals\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/sygnum-bank-reports-profitability-boost-from-crypto-etf-approvals\/\"},\"author\":{\"name\":\"Alexander Stefanov\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5\"},\"headline\":\"Sygnum Bank Reports Profitability Boost from Crypto ETF Approvals\",\"datePublished\":\"2024-07-26T08:00:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/sygnum-bank-reports-profitability-boost-from-crypto-etf-approvals\/\"},\"wordCount\":158,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/sygnum-bank-reports-profitability-boost-from-crypto-etf-approvals\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/sygnum-1.jpg\",\"articleSection\":[\"Others\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/cryptodnes.bg\/en\/sygnum-bank-reports-profitability-boost-from-crypto-etf-approvals\/#respond\"]}],\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/cryptodnes.bg\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/sygnum-bank-reports-profitability-boost-from-crypto-etf-approvals\/\",\"url\":\"https:\/\/cryptodnes.bg\/en\/sygnum-bank-reports-profitability-boost-from-crypto-etf-approvals\/\",\"name\":\"Sygnum Bank Reports Profitability Boost from Crypto ETF Approvals\",\"isPartOf\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/sygnum-bank-reports-profitability-boost-from-crypto-etf-approvals\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/sygnum-bank-reports-profitability-boost-from-crypto-etf-approvals\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/sygnum-1.jpg\",\"datePublished\":\"2024-07-26T08:00:04+00:00\",\"description\":\"Swiss crypto bank Sygnum Bank has reported profitability for the first half of 2024, largely due to a spike in trading volumes ...\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/sygnum-bank-reports-profitability-boost-from-crypto-etf-approvals\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptodnes.bg\/en\/sygnum-bank-reports-profitability-boost-from-crypto-etf-approvals\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/sygnum-bank-reports-profitability-boost-from-crypto-etf-approvals\/#primaryimage\",\"url\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/sygnum-1.jpg\",\"contentUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/sygnum-1.jpg\",\"width\":1012,\"height\":741},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/sygnum-bank-reports-profitability-boost-from-crypto-etf-approvals\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptodnes.bg\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Sygnum Bank Reports Profitability Boost from Crypto ETF Approvals\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#website\",\"url\":\"https:\/\/cryptodnes.bg\/en\/\",\"name\":\"CryptoDnes EN\",\"description\":\"Crypto News, Bitcoin Analysis and More\",\"publisher\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cryptodnes.bg\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#organization\",\"name\":\"CryptoDnes EN\",\"url\":\"https:\/\/cryptodnes.bg\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/logo.svg\",\"contentUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/logo.svg\",\"caption\":\"CryptoDnes EN\"},\"image\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5\",\"name\":\"Alexander Stefanov\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/6dd8585c9881c74e639b0a3d0a889929?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/6dd8585c9881c74e639b0a3d0a889929?s=96&d=mm&r=g\",\"caption\":\"Alexander Stefanov\"},\"url\":\"https:\/\/cryptodnes.bg\/en\/author\/alex100oo\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Sygnum Bank Reports Profitability Boost from Crypto ETF Approvals","description":"Swiss crypto bank Sygnum Bank has reported profitability for the first half of 2024, largely due to a spike in trading volumes ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptodnes.bg\/en\/sygnum-bank-reports-profitability-boost-from-crypto-etf-approvals\/","og_locale":"en_US","og_type":"article","og_title":"Sygnum Bank Reports Profitability Boost from Crypto ETF Approvals","og_description":"Swiss crypto bank Sygnum Bank has reported profitability for the first half of 2024, largely due to a spike in trading volumes ...","og_url":"https:\/\/cryptodnes.bg\/en\/sygnum-bank-reports-profitability-boost-from-crypto-etf-approvals\/","og_site_name":"CryptoDnes EN","article_published_time":"2024-07-26T08:00:04+00:00","og_image":[{"width":1012,"height":741,"url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/sygnum-1.jpg","type":"image\/jpeg"}],"author":"Alexander Stefanov","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Alexander Stefanov","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cryptodnes.bg\/en\/sygnum-bank-reports-profitability-boost-from-crypto-etf-approvals\/#article","isPartOf":{"@id":"https:\/\/cryptodnes.bg\/en\/sygnum-bank-reports-profitability-boost-from-crypto-etf-approvals\/"},"author":{"name":"Alexander Stefanov","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5"},"headline":"Sygnum Bank Reports Profitability Boost from Crypto ETF Approvals","datePublished":"2024-07-26T08:00:04+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptodnes.bg\/en\/sygnum-bank-reports-profitability-boost-from-crypto-etf-approvals\/"},"wordCount":158,"commentCount":0,"publisher":{"@id":"https:\/\/cryptodnes.bg\/en\/#organization"},"image":{"@id":"https:\/\/cryptodnes.bg\/en\/sygnum-bank-reports-profitability-boost-from-crypto-etf-approvals\/#primaryimage"},"thumbnailUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/sygnum-1.jpg","articleSection":["Others"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/cryptodnes.bg\/en\/sygnum-bank-reports-profitability-boost-from-crypto-etf-approvals\/#respond"]}],"copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/cryptodnes.bg\/#organization"}},{"@type":"WebPage","@id":"https:\/\/cryptodnes.bg\/en\/sygnum-bank-reports-profitability-boost-from-crypto-etf-approvals\/","url":"https:\/\/cryptodnes.bg\/en\/sygnum-bank-reports-profitability-boost-from-crypto-etf-approvals\/","name":"Sygnum Bank Reports Profitability Boost from Crypto ETF Approvals","isPartOf":{"@id":"https:\/\/cryptodnes.bg\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptodnes.bg\/en\/sygnum-bank-reports-profitability-boost-from-crypto-etf-approvals\/#primaryimage"},"image":{"@id":"https:\/\/cryptodnes.bg\/en\/sygnum-bank-reports-profitability-boost-from-crypto-etf-approvals\/#primaryimage"},"thumbnailUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/sygnum-1.jpg","datePublished":"2024-07-26T08:00:04+00:00","description":"Swiss crypto bank Sygnum Bank has reported profitability for the first half of 2024, largely due to a spike in trading volumes ...","breadcrumb":{"@id":"https:\/\/cryptodnes.bg\/en\/sygnum-bank-reports-profitability-boost-from-crypto-etf-approvals\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptodnes.bg\/en\/sygnum-bank-reports-profitability-boost-from-crypto-etf-approvals\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptodnes.bg\/en\/sygnum-bank-reports-profitability-boost-from-crypto-etf-approvals\/#primaryimage","url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/sygnum-1.jpg","contentUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/sygnum-1.jpg","width":1012,"height":741},{"@type":"BreadcrumbList","@id":"https:\/\/cryptodnes.bg\/en\/sygnum-bank-reports-profitability-boost-from-crypto-etf-approvals\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptodnes.bg\/en\/"},{"@type":"ListItem","position":2,"name":"Sygnum Bank Reports Profitability Boost from Crypto ETF Approvals"}]},{"@type":"WebSite","@id":"https:\/\/cryptodnes.bg\/en\/#website","url":"https:\/\/cryptodnes.bg\/en\/","name":"CryptoDnes EN","description":"Crypto News, Bitcoin Analysis and More","publisher":{"@id":"https:\/\/cryptodnes.bg\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptodnes.bg\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/cryptodnes.bg\/en\/#organization","name":"CryptoDnes EN","url":"https:\/\/cryptodnes.bg\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/logo\/image\/","url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/logo.svg","contentUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/logo.svg","caption":"CryptoDnes EN"},"image":{"@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5","name":"Alexander Stefanov","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/6dd8585c9881c74e639b0a3d0a889929?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6dd8585c9881c74e639b0a3d0a889929?s=96&d=mm&r=g","caption":"Alexander Stefanov"},"url":"https:\/\/cryptodnes.bg\/en\/author\/alex100oo\/"}]}},"modified_by":"Deyan Angelov","_links":{"self":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/134061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/comments?post=134061"}],"version-history":[{"count":1,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/134061\/revisions"}],"predecessor-version":[{"id":134062,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/134061\/revisions\/134062"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/media\/34862"}],"wp:attachment":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/media?parent=134061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/categories?post=134061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/tags?post=134061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}