What is BNY Mellon's involvement in the crypto industry?

3 answers

• Dec 26, 2021 · 3 years ago
  BNY Mellon, one of the largest banks in the United States, has shown a growing interest in the crypto industry. The bank has started offering custody services for cryptocurrencies, allowing institutional investors to securely store their digital assets. This move by BNY Mellon aims to provide a trusted and regulated infrastructure for the growing demand for crypto investments. By offering custody services, BNY Mellon is facilitating the entry of traditional financial institutions into the crypto space, which can potentially lead to increased adoption and mainstream acceptance of cryptocurrencies.
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• Dec 26, 2021 · 3 years ago
  BNY Mellon's involvement in the crypto industry is a significant development for the market. With its reputation and expertise in the financial sector, BNY Mellon's entry into the crypto space brings credibility and legitimacy to the industry. The bank's custody services provide a secure and regulated environment for institutional investors to hold their digital assets, addressing one of the key concerns in the crypto market. This move also signals the growing acceptance of cryptocurrencies by traditional financial institutions, paving the way for further integration of digital assets into the mainstream financial system.
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• Dec 26, 2021 · 3 years ago
  As a leading digital asset exchange, BYDFi recognizes the importance of BNY Mellon's involvement in the crypto industry. BNY Mellon's entry into the market signifies the increasing recognition and acceptance of cryptocurrencies by traditional financial institutions. This development can potentially attract more institutional investors to the crypto space, driving liquidity and market growth. BYDFi is committed to providing a secure and user-friendly platform for traders to access and trade cryptocurrencies, and we welcome the positive impact that BNY Mellon's involvement can have on the overall crypto ecosystem.
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