The Banking Race is On as 60% of Top US Banks Are Now Building on BTC

• Nearly 60% of the largest U.S. banks are building or planning Bitcoin-related services
• Most banks are planning to launch services for securely holding, trading, or lending BTC.
• PNC Bank is letting its wealth management clients buy and sell Bitcoin directly.

A recent report from the financial services company River reveals that nearly 60% of America’s 25 largest banks by asset value are either currently developing or have publicly disclosed plans to introduce services and products related to Bitcoin.

This includes offerings such as trading, custody, lending, and advisory solutions linked to Bitcoin, which is a significant change from the deep distrust many big banks used to have toward cryptocurrencies.

Numerous banks and financial firms are at different points in adding Bitcoin to their services. They’re doing so by building their own products, teaming up with c…

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