NEW!Incredible offer for our exclusive subscribers! Read More

Bitcoin Is Coming to a US Bank Near You, Says NYDIG

1 Mins read

Banks can either provide crypto services to their clients or see them send their dollars to Coinbase, warns Yan Zhao, the president of crypto custody firm NYDIG.


NYDIG Says Banks “Need” Bitcoin

Through the help of crypto custody firm NYDIG, American banks will soon allow their clients to buy, sell, or hold Bitcoin in their accounts. The move comes shortly after the Coinbase listing showed how profitable providing cryptocurrency support can be.

Being able to buy Bitcoin directly from bank accounts is an essential step in further mainstream adoption too. Instead of setting up an account with a crypto exchange, retail investors may be more inclined to try out cryptocurrency investing.

NYDIG, a division of asset manager Stone Ridge, has partnered with Fidelity National Information Services to provide the necessary infrastructure. The service is expected to launch in the next few months, according to the firm.

NYDIG’s head of bank solutions, Patrick Sells, told CNBC that hundreds of banks have already enrolled in the program all around the country.

“What we’re doing is making it simple for everyday Americans and corporations to be able to buy bitcoin through their existing bank relationships,” said Sells.

Banking giants such as JPMorgan have also announced their own cryptocurrency funds as exposure to Bitcoin becomes highly requested.

Disclaimer: The author held BTC, ETH, and several other cryptocurrencies at the time of writing.

Related posts
AltcoinsBTCBusinessCryptoETHMiningNewsOtherStock collaborates with to offer Crypto services for its users

1 Mins read has collaborated with to give crypto gamblers with a top-tier exchange where they can deposit, sell, and even convert Crypto…
AltcoinsBTCBusinessCryptoETHOther staking platform with the best percentages or is it a temporary phenomenon?

1 Mins read
As it became known, tradex-wallet announced the announcement of a new staking program, rewards and large payouts for staking, the platform raffles…

Cryptwex & 15 More Crypto Exchanges Face Ire of South

2 Mins read
Sixteen international crypto exchanges. Including and the Mexican heavyweight MEXC. Have landed in hot water with financial regulators. For failing to comply with local guidelines….
Power your team with InHype

Add some text to explain benefits of subscripton on your services.

Leave a Reply

Your email address will not be published. Required fields are marked *