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Which Major US Banks Roll Out Crypto Custody Services and Why
Over the last few years, crypto custody has evolved from a niche concept to a major talking point among traditional financial institutions. Many wonder what are crypto custody services and why banks are suddenly embracing them. In essence, crypto custody involves secure storage of digital assets, ensuring that they remain safe from hacking, theft, or mismanagement. With cryptocurrency trading volumes surging worldwide, financial powerhouses in the United States see an opportunity to expand their offerings, compete with emerging fintech players, and attract new clients. Today, more Americans are curious about crypto custody than ever before, viewing it as a logical next step for traditional banks seeking to stay relevant in a rapidly digitizing economy. The First Movers: Major Playe...