Bitcoin: banks are afraid of being left out of the 'crypto party'
From large banks, such as JP Morgan, Goldman Sachs, BBVA, HSBC or Société Générale, to local banks, such as Five Star Bank, Banco BTG Pactual, SGKB or Bancolombia, they have already begun to offer bitcoin and cryptocurrency services. Others, like Santander, are preparing to do so.
Almost all of these banks are already providing their clients with direct exposure to crypto assets, mainly bitcoin, which is the most capitalized cryptocurrency on the market. The main motivation for these financial entities to immerse themselves in the crypto world is the strong interest of clients and investors in crypto assets. The advisory and consulting firm Deloitte noted at the end of 2021 that banks should prepare to embrace the imminent and inevitable future of blockchain-based digital assets. Cryptocurrencies, according to Deloitte, are changing the entire financial system for the better.
