Bank of America is reportedly taking a giant first step into the crypto markets.
The second-largest financial institution within the US has launched Bitcoin (BTC) futures buying and selling for a choose group of purchasers, in accordance with a report from CoinDesk.
Anonymous sources “with information of the matter” say a small quantity of purchasers are already up and working, and extra purchasers are at the moment going via an onboarding course of.
The transfer would make Bank of America the most recent in a string of monetary establishments to assist the rising digital asset trade.
In February, BNY Mellon announced it’s engaged on a platform that can permit purchasers to switch, safekeep and issuance digital belongings.
In March, Morgan Stanley revealed it’s giving rich purchasers entry to BTC.
In April, Goldman Sachs said it plans to supply crypto publicity to purchasers in its personal wealth administration group.
In May, crypto custody agency New York Digital Investment Group (NYDIG) and Fidelity National Information Services (FIS) confirmed they’re working collectively to permit lots of of US banks to assist Bitcoin, the highest crypto asset.
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