Sygnum points to banks' role in evolving digital asset landscape

Sygnum points to banks' role in evolving digital asset landscape

HONG KONG — There was a time when people relied heavily on cryptocurrency exchanges to handle nearly all their crypto activities. The industry was new, and few platforms — especially in traditional finance — offered similar services. Many questioned why banks were needed at all, when dealing directly with exchanges was often cheaper and less cumbersome. But the collapse of FTX in 2022 changed that perception, said Gerald Goh, co-founder and Asia…