Summary
- River said that 14 of the 25 largest U.S. banks are preparing Bitcoin-related products.
- Major U.S. banks are moving to launch various linked products such as Bitcoin custody services, trading and brokerage services.
- The banks' movement is seen as due to market-environment changes such as increased demand from high-net-worth individuals and regulatory clarity in the U.S.
Currently, many major U.S. banks appear to be developing products related to Bitcoin (BTC).
On the 16th (KST), according to Bitcoin financial services firm River, 14 of the 25 largest U.S. banks are preparing Bitcoin-related services. The main products include Bitcoin custody services, trading and brokerage services, and integration with existing asset management platforms.
Banks that have launched or are preparing Bitcoin-related products include ▲JPMorgan (Bitcoin trading services), ▲Citibank (custody and trading services for high-net-worth clients), ▲Goldman Sachs (Bitcoin services for high-net-worth clients), ▲PNC Group (Bitcoin custody and trading services), ▲Truist Financial (has not launched Bitcoin products), among others.
Observers say that while banks are publicly taking a cautious stance, Bitcoin integration is already underway internally. This shift among major U.S. banks is attributed to increasing demand from high-net-worth individuals, improved regulatory clarity in the U.S., and the strong performance of spot Bitcoin-based investment products.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
