$BTC
Brian Armstrong, the CEO of Coinbase, revealed that his participation in the World Economic Forum in Davos showed a significant shift in the stance of senior officials in American banks towards cryptocurrencies, as most of them have become supportive and see it as a strategic opportunity.
The Bitcoin financial services company River stated that more than half of the major American banks have already begun offering or announced plans to provide services related to Bitcoin, including trading and institutional custody of digital assets, noting that 60% of the largest American banks have "entered the world of Bitcoin."
Armstrong pointed out that some CEOs consider cryptocurrencies a top priority for the bank, while the transition has not yet been completed for others. He mentioned that one of the CEOs of the top 10 global banks described Bitcoin as an "existential priority for the bank."
At the forefront of American banks adopting cryptocurrencies is JPMorgan, which is considering adding cryptocurrency trading, Wells Fargo, which offers Bitcoin-backed loans for institutional clients, and Citigroup, which is exploring cryptocurrency custody services for institutions, with these three banks collectively holding more than $7.3 trillion in assets.