bank

Analysis of the results of the banking sector in Spain, prepared by Javier Molina, senior market analyst for eToro. Molina highlights the good results of the bank in 2023, although he points out that “they are not without challenges if we begin to discount expectations.”

“Despite notable growth, the immediate future raises questions about whether this upward trajectory can be maintained in a potentially volatile economic environment,” he explains.
In this sense, remember that a possible "slowdown in performance" of the sector could have an impact on the Ibex 35, taking into account that these companies "not only represent a large part of the market capitalization, but are also a barometer of economic confidence.” “If banks face difficulties in maintaining the pace of growth, investor confidence may decrease and the index may adjust,” he concludes.

Cryptocurrency is more reliable than banks for several reasons:1. Decentralization: Cryptocurrency is not controlled by a centralized authority like banks, which are subject to government and regulatory control. This means that no third party can alter or block transactions, making cryptocurrency more secure against external interference.2. Wide access: Cryptocurrencies can be used worldwide without restrictions, unlike banks where the value of your bank account can be blocked in different countries depending on jurisdiction. Cryptocurrencies have no borders, making them accessible for international and micropayments.3. Openness and transparency: Cryptocurrency transactions are publicly accessible and transparent due to the use of blockchain technology. This makes cryptocurrencies more secure against theft and fraud, which can happen in banks.4. High level of security: Cryptocurrencies use unique codes to identify users and verify transactions. Through encryption and mining technology, cryptocurrency can provide a high level of security for users.In conclusion, cryptocurrency is beneficial for users who don't want to subject their information to the services of banks. It can also be used as an alternative investment tool, providing a certain level of investment security.#cryptocurrency #bank #BTC $BTC $BNB $SOL

Global digital asset bank Sygnum has reported a profitable first half (H1) of 2024, showcasing robust business performance. The firm saw a 500% increase in crypto derivatives trading and a two-fold increase in crypto spot trading volumes compared to the same period in 2023.
Strong Growth and Market Demand
According to a press release on Thursday, Sygnum experienced significant growth in lending activities, with over a 360% increase in loan volumes and more than 1,000 daily trades. Martin Burgherr, Sygnum’s Chief Clients Officer, attributed this surge in demand to the recent approval of Bitcoin and Ethereum ETFs, calling it a “moment” for the crypto sector.
“This is also reflected in Sygnum’s own growth, with our core business areas seeing a significant year-to-date increase in H1,” Burgherr stated.
Additionally, the percentage of ETH staked by Sygnum clients grew to 42%, a 15% increase above the global average, highlighting the shifting dynamics around Ethereum-related ETF products.
Expansion into EU and Asia
Sygnum is preparing to expand its operations into the European market in the first quarter of 2025, aligning with the upcoming Markets in Crypto-Assets Regulation (MiCA). This regulatory framework aims to create a transparent and secure environment for investors within the Eurozone.
“In Q1 2025, Sygnum will significantly expand its regulated footprint via a new office and licenses in the world’s biggest single market, the 30 countries comprising the European Union (EU) and European Economic Area (EEA),” the company announced.
Sygnum also plans to establish a presence in emerging Asian markets through its fully-regulated crypto services platform in Singapore. The bank is in advanced stages of planning regulated operations in Hong Kong and is already established in Abu Dhabi, providing local access to a portfolio of Swiss-regulated financial services.
Strategic Partnerships and Future Plans
In June, Sygnum onboarded more than 20 banks, including SocGen and PostFinance, to enable regulated crypto services for a third of the Swiss population through its B2B network. This move signifies Sygnum’s commitment to expanding its reach and providing secure, regulated access to crypto services.
With its strong performance in H1 2024 and strategic plans for expansion, Sygnum is poised to enhance its influence in the global crypto market, offering innovative and regulated financial services to a broader audience.
#crypto #bank #Sygnum

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Cryptocurrency is a digital currency that has become popular in recent years. Here are 5 interesting facts about cryptocurrency:

1. The creator of Bitcoin, the world's first cryptocurrency, remains a mystery

The so-called "Satoshi Nakamoto" is the pseudonym of the creator of Bitcoin. It is still unknown who really is behind this pseudonym. In 2008, Satoshi Nakamoto published a white paper describing the concept of Bitcoin and its technological foundations. In January 2009, the first version of the Bitcoin software was launched.