SUI Rises 4% as Swiss Banks Expand Institutional Crypto Services

Sui's native token sui increased by 4% to $3.82 after Sygnum Bank expanded its regulated custody, trading, and lending services for institutional clients. The Swiss digital asset bank now allows professional investors to access SUI under Switzerland's strict financial regulations.

Amina Bank separately announced similar SUI support, claiming to be the first globally regulated bank to offer such services for the layer-1 blockchain. These developments led to a surge in trading volume, with overnight activity reaching 36.45 million tokens—more than double the daily average.

The price found support between $3.72-$3.74, a level maintained since mid-July. While SUI's monthly gain of 7% lags behind the broader market, its daily performance aligns with the CoinDesk 20 Index's 4.5% rise.