Traditional banks enter the crypto world: Will they become a force to be reckoned with?
Turkish leading bank Garanti BBVA is preparing to offer Bitcoin and cryptocurrency trading services, signaling a major strategic shift in the traditional banking sector.
Why now?: The growing demand for cryptocurrencies is pushing banks to adopt them as a core service.
Potential impact: The entry of banks boosts market confidence and offers broader opportunities for traditional investors.
Challenges: Regulating markets and innovating to keep up with the rapidly changing nature of cryptocurrencies.
The entry of traditional banks could be a game changer in the crypto world.