Recently, two Swiss banks took significant steps in supporting the SUI Coin cryptocurrency by offering services for institutional clients.
Support for SUI Coin by Banks
Swiss crypto asset bank Sygnum has introduced a suite of services for institutional clients based on the Sui (SUI) network, including custody, trading, and credit products. According to Sygnum, this initiative aims to widen access for regulated investors in Switzerland to the SUI asset.
Services Offered by Sygnum and Amina Bank
In the same week, another Swiss financial institution, Amina Bank, announced it would also offer trading and custody services for SUI. A representative from Amina Bank emphasized their pioneering status, claiming they are the first regulated bank to support the SUI asset in both trading and custody capacities.
Potential of SUI and Its Market
Following the announcements from both banks, there was a significant surge in trading volume of the SUI asset. The volume reached 36.45 million units, doubling the recent average. The price of SUI increased by 4% in the last 24 hours, reaching $3.82, reflecting growing interest from individual investors.
The provision of services for institutional clients emphasizes the increasing interest from banks and asset managers in both major crypto assets and emerging blockchain projects.
