$SUI Price Climbs 4% as Swiss Banks Embrace Institutional Trading and Custody

The price of Sui (#SUI ) rose 4% in the past 24 hours, reaching $3.82, after Swiss digital asset bank Sygnum launched custody, trading, and lending services for the layer-1 blockchain’s native token. The move opens the door for regulated investors in Switzerland to hold, trade, and borrow against SUI — bringing the project deeper into the country’s strict financial and compliance framework.

Industry observers say the development signals a clear push to integrate blockchain assets into mainstream institutional finance without requiring clients to leave regulated environments.

Institutional Access to Sui Gains Momentum in Switzerland

Sygnum’s announcement follows closely on the heels of a similar move by Amina Bank, another Swiss-regulated institution, which last week became the first bank in the world to offer both trading and custodial services for SUI.

For Sui, a relatively young layer-1 blockchain still competing for adoption against larger players like Ethereum and Solana, back-to-back endorsements from major Swiss banks mark a notable milestone. Such developments could enhance its credibility among institutional investors, while also encouraging developers to build within its ecosystem.

Market Reaction: Support Levels Hold Firm

The market quickly responded to the news. CoinDesk Analytics data shows trading volume surged to 36.45 million tokens overnight — more than double the daily average of 14.31 million.

Buyers stepped in to defend the $3.72–$3.74 support zone, a technical level that has held firm since mid-July. Analysts view this range as a potential launchpad for bullish breakouts if momentum continues.

24crypto news