River Company: 60% of the Largest U.S. Banks Have Started Dealing with Bitcoin
Data from River, a company specializing exclusively in Bitcoin, reveals that more than half of the largest banks in the United States are preparing to offer Bitcoin-related services, with 60% of the top 25 banks supporting products such as trading, custody, and Bitcoin-backed lending.
Among the top four banks, three have taken concrete steps toward Bitcoin: JPMorgan Chase is considering offering trading services, Wells Fargo is providing Bitcoin-backed loans, and Citigroup is exploring custody solutions for institutional investors. UBS is also studying Bitcoin and Ethereum trading for high-net-worth clients.
Despite this progress, banks remain cautious about yield-bearing stablecoins, while some major banks like Bank of America, Capital One, and Truist Financial have not yet announced clear plans but may join in the future.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
River Company: 60% of the Largest U.S. Banks Have Started Dealing with Bitcoin
Data from River, a company specializing exclusively in Bitcoin, reveals that more than half of the largest banks in the United States are preparing to offer Bitcoin-related services, with 60% of the top 25 banks supporting products such as trading, custody, and Bitcoin-backed lending.
Among the top four banks, three have taken concrete steps toward Bitcoin: JPMorgan Chase is considering offering trading services, Wells Fargo is providing Bitcoin-backed loans, and Citigroup is exploring custody solutions for institutional investors. UBS is also studying Bitcoin and Ethereum trading for high-net-worth clients.
Despite this progress, banks remain cautious about yield-bearing stablecoins, while some major banks like Bank of America, Capital One, and Truist Financial have not yet announced clear plans but may join in the future.
$BTC