Global Private Bank LGT Partners With Switzerland’s SEBA Bank To Offer Crypto Services
Daily Market Wrap
Crypto market cap: 1.81 trillion, up 5.34%
BTC price stands at USD 39,750, up 4.64%
ETH price stands at USD 2,944, up 5.30%
Top gainer: Zilliqa (ZIL), up 34.46%
Top loser: STEPN (GMT), down 0.25%
News of the Day
Global private bank LGT has partnered with Switzerland’s SEBA Bank to offer crypto services.
Why it matters:
LGT Bank will initially offer custody and trading services for BTC and ETH, while Seba Bank supports more than 14 cryptocurrencies
Since LGT Bank sees the demand for cryptocurrencies among its clients in recent years, it has been offering direct investments in Bitcoin and Ether since May
LGT’s crypto services will be fully integrated with traditional assets, enabling clients to easily exchange assets in their existing portfolios
Crypto daily spotlight
Brief introduction: Terra is a decentralized stablecoin blockchain that uses fiat-pegged stablecoins to power price-stable global payments systems. Terra’s native token LUNA is used to stabilize the price of the protocol’s stablecoins.
Why it matters:
SynFutures is a derivatives exchange focused on creating an open and trustless derivatives market by enabling trading on any device with proper price feeds
SynFutures is accessible via Polygon, Binance Smart Chain, and Arbitrum. The upcoming UST pairing would further allow DeFi users to gain access to cross-chain markets and trading opportunities
Terra and SynFutures said they would work together ahead of the launch of SynFutures V2 such as perpetual futures and other derivatives trading products
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