Wall Street banks are moving into crypto?

Rich Compass

Feb 20, 2025•13 min•Ep. 12

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Wall Street banks are getting into crypto by focusing on custody services for big funds, investors, and traders.

Major U.S. banks like BNY Mellon, Citibank, and State Street are boosting their crypto custody capabilities to attract traditional asset managers, thanks to looser regulations.

This move could reshape the crypto world, with banks either competing with or even working alongside platforms like Coinbase.

While direct crypto trading is still tightly regulated, custody services open the door for banks to get into trading and lending.

Overall, their involvement could bring in a lot of capital and speed up crypto adoption.

Source: https://www.panewslab.com/zh/articledetails/ptqs32ou.html

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