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The #البيتكوين currency thrived without banks; today, banks are heading towards it.
About 60% of the top 25 banks in the United States offer #Bitcoin products or are developing them, indicating a significant shift from previous skepticism to widespread adoption.
Three of the four largest banks in the country are leading this trend:
- JPMorgan Chase (3.79 trillion dollars): Exploring digital currency trading.
- Citigroup (1.83 trillion dollars): Building institutional custody services.
- Wells Fargo (1.75 trillion dollars): Offering Bitcoin-backed loans.
Main focus areas:
- Custody: Secure storage of digital assets.
- Trading and ETFs: Access to spot Bitcoin ETFs and brokerage services.
- Lending: Bitcoin-backed loans.
These banks collectively manage assets worth over $7.3 trillion; real capital is flowing into cryptocurrencies.
#FedRateDecisionApproaches
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