Major US Bank Revives Bitcoin Custody Services Following Extended Hiatus

A prominent US bank has announced the reintroduction of its Bitcoin custody service for institutional clients, following a multi-year suspension. This decision comes amid rising interest in digital currencies among institutional investors and the bank’s desire to cater to their growing needs in this area. Clients will now be able to securely store their Bitcoin holdings with the bank, benefiting from its expertise in security and protection. This announcement marks a significant step towards wider adoption of digital currencies and underscores the role of traditional banks in facilitating access to these new digital assets. Analysts anticipate strong demand from institutions seeking to enter the cryptocurrency market in a safe and regulated manner.