đš Major Update: US Banks Are Now Embracing Bitcoin đșđžđ°
Yes â itâs now reported that a majority of the largest U.S. banks are either offering or actively building Bitcoin-related products and services, marking a big shift in how traditional finance views crypto. Hereâs whatâs going on:
đ§ Key Facts
đ A recent report from Bitcoin-focused financial services firm River shows that about 60% of the top 25 U.S. banks are now into Bitcoin â meaning theyâve launched or publicly announced plans for Bitcoin services like trading, custody, lending, or advisory products.
đč Thatâs a majority of the biggest banks in the country â not just fringe players.
đč This signals a shift from traditionally cautious or skeptical views toward crypto to active integration of Bitcoin infrastructure.
đŠ What Banks Are Doing
Across these big institutions, Bitcoin involvement takes several forms:
1. Bitcoin Custody & Services
Several banks are offering or resuming custody services â securely holding Bitcoin or Bitcoin-linked ETFs for institutional clients.
2. Direct Trading Access
PNC Bank is one of the first major U.S. banks to let eligible clients buy, sell, and hold Bitcoin directly through its platform, powered by Coinbase.
3. ETF & Wealth Management Integration
Banks like Bank of America are allowing financial advisors to recommend regulated Bitcoin ETFs to clients.
4. Crypto-Backed Lending
Some banks are exploring or offering Bitcoin-backed loans, where Bitcoin can be used as collateral.
5. Institutional Infrastructure
Big firms â including JPMorgan, Citigroup, Morgan Stanley, BNY Mellon, State Street, and others â are building infrastructure for Bitcoin custody, trading, or ETF support.
đ Why This Matters
â Institutional adoption: Bitcoin is no longer just a niche for retail traders â itâs becoming part of mainstream financial services.
â Regulatory clarity: Growing clarity around crypto rules in the U.S. is encouraging banks to enter this space.
