According to TechFlow, Swiss crypto bank Sygnum announced that it has achieved its first half-year profit, but did not disclose the specific amount. In the first half of the year, spot crypto trading volume increased by 100% year-on-year, and derivative trading volume increased by 500%. The bank completed a $40 million financing in January, and its core equity increased to approximately $125 million.

Sygnum plans to obtain a new license under the EU MiCA regulations and expand its regulated business in Hong Kong, reflecting the institution's continued optimism about the crypto market.

Earlier news, Sygnum, Fidelity International and Chainlink reached a cooperation to transmit fund net value data to the chain.