Banks are enterprises and are willing to operate in areas they will earn money. Crypto currencies are an area to earn money in recent years, and therefore banks despite the hate of the past Crypto Coins We see that it is action. Banks, who were interrupted by crypto activity during Biden, are now returning to work with Trump.
US Bancorp and Crypto Money
US Bancorp, one of the 5 largest banks in the USA crypto currency He’s back to his job. Bloomberg gave the gospel for the bank, which has re -started the crypto currency storage service it has initiated for its corporate customers.
Clean from crypto money enemies with Donald Trump’s task Selection Recently, an important rule had taken back. This rule required banks to keep additional capital in their balance sheets for crypto activities. Stephen Philipson, the head of the corporate services of the company, said;
“This was in our game book, and what we’re doing now is like opening it and putting it back.”
As the bank demand increases, it will expand the crypto currency storage service offered for corporates and it will be integrated with crypto in areas such as asset management and consumer payments. This service, which was initiated jointly with Nydig in 2021, was interrupted due to the strict attitude of the Gensler administration.
Corporate Crypto Money Storage Service
Coinbase is one of the largest US -based crypto currency storage organizations today. The company expanded the business in an environment where banks were threatened with regulation sticks. So much so that during the Gensler, Coinbase Prime served many large customers, including the US Department of Justice.
Under the direction of Paul Atkins Selection Under the leadership of US Bancorp, it paved the way for large financial institutions to provide crypto money storing services. In 2022, Bny Mellon started this for BTC and ETH. However, since it was an exemption for him, it made it the first major bank to provide crypto storage services.
We will now see that the US -based major financial institutions have initiated individual crypto services. Not only America, but around the world, the number of them will increase. Just 2 months ago, Germany’s largest bank Deutsche Bank In 2026, he announced that it will provide crypto money salary service. Citigroup last month Crypto Money Storage and announced that they started working for payment services.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
