The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
All Alt Coin

Sygnum to Introduce DeFi Banking Services Including Those for Aave and Uniswap

by Miki 06/16/2021
by Miki 06/16/2021 0 comment

Sygnum’s decision to embrace the DeFi token services has received a cordial response from the authorities and users.

The Swiss bank Sygnum will be playing a crucial role in providing custody and trading services for DeFi tokens in a range of available crypto assets.

Defi tokens can be defined as a sector of crypto that works and recreates the traditional finance transactions with minimum to no intermediary intervention. In an official announcement made by the bank, Sygnum will also be hosting a variety of banking services such as Aave (AAVE), Curve (CRV), Synthesis (SNX), Maker (MKX), Aragon (ANT), and 1inch (1INCH). Sygnum will also be providing custody for stablecoin USD coins for trading purposes.

The bank also clarified that the DeFi services will be conducted in a phased manner and will adhere to the financial guidelines of the nation. Through these services, the customers will be able to invest directly in Defi token trading, and the bank will also formulate custom solutions partnering with DeFi associations to make this move more comprehensive and well-structured. Sygnum’s Defi services will be embedded with the national currencies, along with crypto, Swiss asset Franc and asset tokens in a single bank account to facilitate a hassle-free process for the interested consumers.

Sygnum DeFi Token Move to Transform the Existing Finance Structure of Switzerland

Sygnum’s decision to embrace the DeFi token services has received a cordial response from the authorities and people. Sygnum’s head of business unit Thomas Eichenberger has openly regarded the move to be a revolutionary one that will contribute significantly to the current financial hierarchy of the country.

The CEO of the Bank Michael Egorow has issued statements on how Sygnum has become a global example in pioneering the gap between traditional and generalization of finance. It is to be noted that the news has come in the light of the recent Ethereum fall that was documented as a severe blow in decentralized finance trading. The news of the DeFi token being accepted as a valid digital currency is a welcoming boost to all the investors and crypto miners of the region.

Sygnum’s Decision of Granting DeFi Token Trading Receives Positive Response

The introduction of new DeFi token trading in the region has been hailed as an evolutionary approach in conducting finance dealings in the country. The nation had previously witnessed a sharp decline in Ethereum transactions in the crypto market. The decline was regarded as one of the most significant falls to be documented in the history of crypto agreements in the country, which was the primary cause why investors were lacking faith in the decentralized digital currency structure. 

With this added facility, the DeFi token trading by sygnum had made the investors and crypto enthusiasts thrilled about the recent development and restored their dedication in trading and mining crypto with ease and adequate security.

As the prices of Bitcoin crossed over US$ 40000, the prices of DeFi tokens are also bound to increase showing the stark susceptibility of the DeFi tokens in correlation to rising Bitcoin prices which will also play a major role in anchoring DeFi token pricing in the long run.

next Altcoin News, Blockchain News, Cryptocurrency news, News

Thank you!

You have successfully joined our subscriber list.

Source link

Views: 1
AaveBankingDeFiIncludingIntroduceServicesSygnumUniswap
Share
0
FacebookTwitterPinterestEmail
previous post
Bitcoin Miners’ Outflow Volume Hit a Monthly Low
next post
Bitcoin (BTC) Whale Accumulation Continues, Millionaire-Tier Holds ~50% of Total Supply

Related Posts

Are Solana’s bulls really strong enough to halt...

12/29/2021

IXFI Announces Launch of New-Age Exchange Platform

12/29/2021

Litecoin repeating history will have this effect on...

12/28/2021

More than just a game – what GameFi...

12/28/2021

Even as network hits one million users, FTT...

12/28/2021

Fintech Expert Makes Six Bold Predictions for Crypto...

12/28/2021

A recovery rally in play for Sushiswap, as...

12/28/2021

SEC Accused of Deliberately Trying to ‘Kill’ XRP...

12/28/2021

Recent gains may finally boost Aave’s dominance in...

12/28/2021

Santa Floki Price Rallies 5,000% after Elon Musk’s...

12/28/2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

    12/29/2021
  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

    12/29/2021
  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

    12/29/2021
  • Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

    12/29/2021
  • Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

    12/29/2021

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)

About Us

About Us

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, blockchain, Market, and more.

Featured Posts

  • Ethereum Steers into Support, Time For A Return to ATHs?

  • MicroStrategy Is The New Crypto Industry Darling

  • U.S. SEC Postpones VanEck’s Bitcoin ETF Application Again

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)
  • Facebook
  • Instagram
  • Linkedin
  • Contact
  • Privacy Policy
  • Terms & Conditions

@2021 -thecryptonewsweb.com - All Right Reserved.

The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
  • RelevantRelevant(REL)$0.825.35%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184214-2.17%
  • SakeTokenSakeToken(SAKE)$0.0127234.37%
  • WTF TokenWTF Token(WTF)$0.0113500.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.005460-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Falcon ProjectFalcon Project(FNT)$0.000366-2.23%
  • DYORDYOR(DYOR)$0.00002020.53%
  • TICOEX TokenTICOEX Token(TICO)$0.0013640.52%
  • MMS Cash TokenMMS Cash Token(MCASH)$1.000.00%
  • bitcoinBitcoin(BTC)$29,521.000.98%
  • ethereumEthereum(ETH)$1,983.061.01%
  • tetherTether(USDT)$1.00-0.04%
  • usd-coinUSD Coin(USDC)$1.000.04%
  • binancecoinBNB(BNB)$311.404.19%
  • rippleXRP(XRP)$0.4161751.15%
  • Binance USDBinance USD(BUSD)$1.010.37%
  • cardanoCardano(ADA)$0.534.63%
  • SolanaSolana(SOL)$50.732.43%
  • dogecoinDogecoin(DOGE)$0.0857072.18%
  • polkadotPolkadot(DOT)$9.872.39%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$29,555.00-0.32%
  • Lido Staked EtherLido Staked Ether(STETH)$1,928.80-0.13%
  • AvalancheAvalanche(AVAX)$29.913.86%
  • tronTRON(TRX)$0.0747712.53%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • Shiba InuShiba Inu(SHIB)$0.0000122.07%
  • daiDai(DAI)$1.00-0.18%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • AlexAlex(ALEX)$0.068435-0.04%
  • litecoinLitecoin(LTC)$70.133.18%
  • CronosCronos(CRO)$0.1895480.19%
  • LADZLADZ(LADZ)$0.0686894.36%
  • leo-tokenLEO Token(LEO)$4.92-1.31%
  • matic-networkPolygon(MATIC)$0.653.52%
  • NEAR ProtocolNEAR Protocol(NEAR)$6.015.19%
  • FTX TokenFTX Token(FTT)$30.201.75%
  • HederaHedera(HBAR)$0.389473-3.44%
  • bitcoin-cashBitcoin Cash(BCH)$194.913.50%
  • RareRare(RARE)$0.0461220.00%
  • chainlinkChainlink(LINK)$7.052.50%