River Company: 60% of the Largest U.S. Banks Have Started Dealing with Bitcoin



Data from River, a company specializing exclusively in Bitcoin, reveals that more than half of the largest banks in the United States are preparing to offer Bitcoin-related services, with 60% of the top 25 banks supporting products such as trading, custody, and Bitcoin-backed lending.

Among the top four banks, three have taken concrete steps toward Bitcoin: JPMorgan Chase is considering offering trading services, Wells Fargo is providing Bitcoin-backed loans, and Citigroup is exploring custody solutions for institutional investors. UBS is also studying Bitcoin and Ethereum trading for high-net-worth clients.

Despite this progress, banks remain cautious about yield-bearing stablecoins, while some major banks like Bank of America, Capital One, and Truist Financial have not yet announced clear plans but may join in the future.

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