Needle (Needle) The price increased by 4% to $ 3.82 in the last 24 hours as Swiss Digital Asset Bank signum expanded its offerings to include blockchain detained, trade and lending products for its institutional customers.
The move means that regulated investors in Switzerland can now trade against needles, trade, do business, to make access to the ecosystem of layer -1 blockchain. The services of the bank aims to demand risk for professional and institutional investors under Swiss financial rules.
Earlier this week, another Swiss institution, Amina Bank, said that it had started offering both trading and custodial services for SUI. Amina described the step globally to support the basic wealth of the blockchain as the first regulated bank.
The announcements show market activity. Coindesk Analytics data depicts the trading volume up to 36.45 million tokens at midnight, more than doubled from 14.31 million daily average, as buyers stepped into a support area between $ 3.72 and $ 3.74 to protect a support area. This level has been held from mid -July, suggesting that short -term traders have seen it as a major price floor.
The daily advantage of SUI tracks closely with the comprehensive crypto market, as measured by Coindesk 20 index Which climbed 4.5% in the previous day. The monthly performance of tokens is also positive, 7% in the last 30 days, but much less than the wider market, up to 24% with CD20.
For institutional customers, the expansion of regulated access to new blockchain projects such as SUI only represents more than another trading option. This indicates growing comfort between banks integrating the blockchain network beyond the largest, most established assets. In practice, this may mean that asset manager, corporate Treasury and high-net clients have more ways to diversify holdings without leaving regulated framework.
The sui developed by Mysten Labs aims to offer high speed, low -cost transactions using a novel data structure called “objects” to improve scalability. Comprehensive access through banks such as signum and Amina can help it compete for developer attention and real -world applications.
If the demand for bank-central blockchain exposure is increasing, the SUI can find itself in a strong position not only to attract speculations but also to adopt an enterprise.
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