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Sygnum trading desk update: derivative trading volumes up 500%

Sygnum trading desk update: derivative trading volumes up 500%

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Sygnum has seen a significant increase in our business volume across all our trading products. Dominic Lohberger, Sygnum’s Head of Trading, gives an update on this growth, our improved platform and the markets.

 500% increase of derivatives trading volumes

Sygnum’s crypto derivatives trading volume has increased by 500 percent compared to the same period last year.

“We are going to invest quite substantially over the coming months into our derivatives offering to make it even more self-serviced and easily accessible to our clients,” says Dominic Lohberger.

Twice the crypto spot trading volume

Across our crypto spot trading business, we have seen an increase of more than 100 percent compared to the same period last year.

“Some of that is fuelled by the heighted volatility in the first quarter, most notably driven by the Bitcoin spot ETF approvals but also the Bitcoin halving” says Dominic Lohberger.

Improved Sygnum trading platform

Over the last 12 months, we have invested heavily into further improving our trading infrastructure, culminating in our recent launch of a completely redesigned trading platform.

“Our clients now benefit from even tighter spreads, lower minimum trade sizes and a completely overhauled user experience on our trading platform,” says Dominic Lohberger.

Trading outlook

Dominic Lohberger highlights strong interest for both fixed income instruments and delta-neutral derivatives strategies such as the “basis trade”.

“In particular on Ether where we see clients positioning for a steepening of the yield curve in anticipation of the upcoming launch of the Ether ETFs,” he says.

“One trend we have witnessed over the last weeks and that we expect to continue into summer is the strong correlation with global macro events.”

Learn more about Sygnum’s crypto trading service here:

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Disclaimer: The information in this publication pertaining to Sygnum Bank AG (“Sygnum”) is for general information purposes only, as per date of publication, and should not be considered exhaustive. This publication does not consider the financial situation of any natural or legal person, nor does it provide any tax, legal or investment advice. This publication does not constitute any advice or recommendation, an offer or invitation by or on behalf of Sygnum to purchase or sell any assets. No elements of precontractual or contractual relationship are intended. While the information is believed to be from accurate and reliable sources, Sygnum makes no representation or warranties, expressed or implied, as to the accuracy of the information. Sygnum expressly disclaims any and all liability that may be based on such information, omissions, or errors thereof. Any statements contained in this publication attributed to a third party represent Sygnum‘s interpretation of the data, information and/or opinions provided by that third party either publicly or through a subscription service, and such use and interpretation have not been reviewed by the third party. Sygnum reserves the right to amend or replace the information, in part or entirely, at any time, and without any obligation to notify the recipient of such amendment / replacement or to provide the recipient with access to the information. Simultaneously, there is no obligation of Sygnum to inform recipients of information, if before provided information later becomes outdated, inaccurate or obsolete, unless otherwise provided by applicable law. The information provided is not intended for use by or distributed to any individual or legal entity in any jurisdiction or country where such distribution, publication or use would be contrary to the law or regulatory provisions or in which Sygnum does not hold the necessary registration, approval authorisation or license. Except as otherwise provided by Sygnum, it is not allowed to modify, copy, distribute or reproduce, display, license, or otherwise use any content for commercial purposes.

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Disclaimer:

The information in this publication pertaining to Sygnum Bank AG (“Sygnum”) is for general information purposes only, as per date of publication, and should not be considered exhaustive. This publication does not consider the financial situation of any natural or legal person, nor does it provide any tax, legal or investment advice. This publication does not constitute any advice or recommendation, an offer or invitation by or on behalf of Sygnum to purchase or sell any assets. No elements of precontractual or contractual relationship are intended. While the information is believed to be from accurate and reliable sources, Sygnum makes no representation or warranties, expressed or implied, as to the accuracy of the information. Sygnum expressly disclaims any and all liability that may be based on such information, omissions, or errors thereof. Any statements contained in this publication attributed to a third party represent Sygnum‘s interpretation of the data, information and/or opinions provided by that third party either publicly or through a subscription service, and such use and interpretation have not been reviewed by the third party. Sygnum reserves the right to amend or replace the information, in part or entirely, at any time, and without any obligation to notify the recipient of such amendment / replacement or to provide the recipient with access to the information. Simultaneously, there is no obligation of Sygnum to inform recipients of information, if before provided information later becomes outdated, inaccurate or obsolete, unless otherwise provided by applicable law. The information provided is not intended for use by or distributed to any individual or legal entity in any jurisdiction or country where such distribution, publication or use would be contrary to the law or regulatory provisions or in which Sygnum does not hold the necessary registration, approval authorization or license. Except as otherwise provided by Sygnum, it is not allowed to modify, copy, distribute or reproduce, display, license, or otherwise use any content for commercial purposes.

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