PANews reported on July 25 that according to The Block, a report released by digital asset bank Sygnum on Wednesday showed that its cryptocurrency spot trading volume doubled in the first half of this year, crypto derivatives trading volume increased by 500%, and the number of loans increased by more than 360% compared with the same period last year. Driven by this, the company achieved profitability in the first half of this year. At the same time, Sygnum's "Pledge as a Service" product has also seen significant growth, with the proportion of Ethereum pledged by customers increasing to 42%. Sygnum currently has approximately US$4.5 billion in customer assets and more than US$125 million in core equity capital. Sygnum has licenses in Luxembourg, Singapore and Switzerland. The company plans to obtain a new license in Europe under the new Crypto Asset Market Regulation (MiCA) and plans to expand its regulated business in Hong Kong. According to previous news, Sygnum completed more than US$40 million in financing in January this year, with a valuation of US$900 million.