Sygnum AG, a major player in the digital asset sphere, is capitalizing on the growing demand for crypto transactions by launching a new brokerage business in Singapore. With approval from the Monetary Authority of Singapore, Sygnum is well-positioned to leverage the increasing demand for regulated crypto trading platforms. The demand for crypto comes from web3 or crypto fund managers who have a business reason to buy or sell digital assets. Traditional lenders are growing cautious about servicing customers in the volatile digital asset industry, but Sygnum’s Swiss bank saw increased client interest following the failures of US banks. Sygnum aims to extend its services in Singapore, offering crypto custody and broker-dealer services. However, the Singapore license will not include on and off-ramping services, which will be facilitated through the Sygnum Bank in Switzerland. Despite recent losses in the crypto market, the overall trend signifies the importance of understanding and adapting to the evolving crypto landscape.
Continue reading on Bitcoinist.com
By
By
By
By
By
By