Swiss crypto bank Amina CEO announces that it has applied for a VASP license
He stated that the bank is close to break-even, but is prioritizing growth investments over profitability at the moment
10.09.2024 - 08:27
587
1 min
0
What’s new? Franz Bergmüller, the CEO of the Swiss crypto bank Amina, has spoken about the application for a Virtual Asset Service Provider (VASP) license with the Austrian Financial Market Authority. Bergmüller explained:
“Here we are dealing with a different regulator and need to build a new team before we can conclude any business or generate revenue. As a bank, we are approaching break-even but have deliberately decided that investments in growth take priority at the moment.”
What else did the executive say? He emphasized the high demand for cryptocurrency-backed loans and said that Amina has a waiting list of crypto startups that need traditional bank accounts. However, many are deterred by high fees. He noted that Amina’s customers “are completely convinced” of cryptocurrencies. According to Bergmüller, they prefer to hold investments for the long term, even despite significant price fluctuations:
“Our clients have often been invested in this asset class for more than ten years. They know the cycles and have weathered several crypto winters. This gives them the necessary composure.”
Earlier, another Swiss bank, Zürcher Kantonalbank, launched a trading service for major cryptocurrencies for retail clients and third-party banks. Deutsche Börse Crypto Finance, a subsidiary of crypto exchange, became the broker-partner of the new service.
Useful material?
Telegram 
Twitter Incidents
In a single week, hackers went after PHP websites, the Railway cloud platform and a medical company, and experts started talking about a crisis that is only just beginning.
Oct 28, 2026
Incidents
In 104 minutes, the attacker emptied 1,404 addresses before validators halted the network and froze almost all of the loot.
Oct 19, 2026
Incidents
Developers warned of potential risks to bridges across the ecosystem and asked exchanges for assistance.
Jun 22, 2026
Incidents
The defendant helped move funds stolen through investment scams and earned at least $4 million for his role in the operation.
Jun 10, 2026
Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Cryptocurrency rates
-
Bitcoin
$73 529
BTC
-0.5%
-
Ethereum
$2 048.22
ETH
-0.72%
-
Ripple
$1.42
XRP
+1.04%
-
BNB Smart Chain
$673.07
BSC
-1.18%
-
TRON
$0.316795
TRX
-0.16%
-
Zcash
$985.74
ZEC
-0.24%
-
Dogecoin
$0.066977
DOGE
-1.54%
-
Cardano
$0.218269
ADA
+2.11%
-
Stellar XLM
$0.184461
XLM
+2.83%
-
Polkadot
$3.32
DOT
+5.27%