On January 14, 2025, Cryptocurrency Bank Sygnum closed a $58 million funding round, bringing the company's valuation to over $1 billion and achieving "unicorn" status. The round was led by BTC-focused venture capital firm Fulgar Ventures.
Capital use objectives
Expanding markets in EU/EEA and Hong Kong.
Improve Bitcoin service.
Develop digital asset trading products.
Sygnum, founded in 2018, saw explosive growth in 2024, with trading revenue exceeding its full-year revenue in Q3 alone. Year-over-year trading activity increased by more than 1,000%, reflecting growing market interest in digital asset services.
Market vision:
Sygnum believes that the participation of large institutions that have not invested in cryptocurrencies will be the main driver of value growth. At the same time, they believe that Bitcoin will continue to lead the way over altcoins, thanks to the influence of Bitcoin spot exchange-traded funds (ETFs).
Sygnum is committed to upholding its core values and focusing on building innovative services, continuing to expand and contribute to the development of the global digital asset industry.
