American banks are beginning to take an active interest in bitcoin and, apparently, have decided to become its allies.
Yes, interest in bank crypto custody is rising in United State, I couldn't remember if this was surfacing in fourth quarter of last year, but I remembered the first quarter of this year about how banks in United States are showing support for crypto custody, there were many news about it this year. This was in February when the largest Americas bank showing support for crypto custody, it has its head quarter in New York
America's oldest bank, BNY Mellon, will custody Bitcoin
How long will it take before we see the provision of Bitcoin storage and support services to individuals by banks such as the U.S. Bank and Bank of America?
The fifth largest bank in United States announced to launch crypto custody service
Quote from: https://cointelegraph.com/news/america-s-fifth-largest-bank-launches-crypto-custody-service-report
U.S. Bank, the fifth-largest retail bank in the United States, announced Tuesday that it is launching a cryptocurrency custody service for institutional investors, potentially setting the stage for wider mainstream acceptance of digital assets.
As CNBC reported, U.S. Bank has partnered with New York Digital Investment Group, or NYDIG, to provide custody services for Bitcoin (BTC), Bitcoin Cash (BCH) and Litecoin (LTC). Gunjan Kedia, a senior executive at U.S. Bank’s wealth management and investment division, told CNBC that support for other cryptocurrencies like Ether (ETH) will be rolled out over time.
As CNBC reported, U.S. Bank has partnered with New York Digital Investment Group, or NYDIG, to provide custody services for Bitcoin (BTC), Bitcoin Cash (BCH) and Litecoin (LTC). Gunjan Kedia, a senior executive at U.S. Bank’s wealth management and investment division, told CNBC that support for other cryptocurrencies like Ether (ETH) will be rolled out over time.
US Bank launches bitcoin custody service as institutions race to cater to crypto demand
So, it is soonest.
