Sui Jumps 4% as Swiss Banks Expand Regulated Access for Institutional Clients
Main Idea
Sui's (SUI) price rose 4% as Swiss banks Sygnum and Amina expanded regulated access to SUI trading, custody, and lending services for institutional clients, boosting market activity.
Key Points
1. Sygnum Bank launched custody, trading, and lending services for SUI, enabling regulated investors in Switzerland to hold, trade, and borrow against the token.
2. SUI's trading volume doubled to 36.45 million tokens, with buyers defending a key support zone between $3.72 and $3.74.
3. SUI's price increase aligns with the broader crypto market, as the CoinDesk 20 Index climbed 4.5% in the past day.
4. Amina Bank also offers SUI trading and custodial services, further expanding institutional access to the token.
5. SUI's monthly performance is up 7%, though it trails the broader market's 24% gain.
Description
Sui’s (SUI) price rose 4% in the past 24 hours to $3.82 as Swiss digital asset bank Sygnum expanded its offerings to include custody, trading and lending products tied to the blockchain for its institutional clients. The move means regulated investors in Switzerland can now hold, trade and borrow against SUI through Sygnum’s platform, broadening access to the layer-1 blockchain’s ecosystem. The bank’s services are aimed at professional and institutional investors seeking exposure under Swiss fin...
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