Ramazan Eles 
Sygnum, a Swiss-based global digital asset bank, has announced profitability following a strong first half of the year, underpinned by significant growth across key metrics.
Managing approximately $4.5 billion in client assets, the bank did not disclose specific profit figures but highlighted substantial year-to-date growth in its operations.
In a press release, Sygnum reported a doubling of crypto spot trading volumes compared to the same period last year. Additionally, the company saw a 500% expansion in crypto derivatives trading and a 360% increase in lending volumes.
Sygnum’s staking business also experienced notable growth, with the percentage of Ethereum staked by clients rising to 42%. The bank highlighted that Ethereum staking for institutional clients offers benefits beyond the scope of ETFs, which do not include staking rewards.
Martin Burgherr, Sygnum’s Chief Client Officer, commented, “The approval and launch of Bitcoin and Ethereum ETFs marked a turning point for the crypto industry this year and led to a significant increase in demand for trusted, regulated exposure to digital assets.”
Licensed in Luxembourg since 2022, Sygnum plans to continue expanding in both the European and Asian markets, according to the statement.
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