American U.S. Bank has announced the launching of a cryptocurrency service
The decision was based on increasing demand for a new type of assets from the bank's clients
06.10.2021 - 09:25
629
1 min
0
What's new? According to the CNBC, one of the largest American banks plans to offer its clients a custodial service for working with digital assets. This is in reference to the financial institution U.S. Bank.
What services will the bank provide? The main service will include storing private keys for such cryptocurrency wallets as: Bitcoin, Litecoin and Bitcoin Cash. Support for Ethereum and a number of other cryptocurrencies is expected over time.
U.S. Bank will conduct a complex check of the funds’ origin before giving its users access to the service. Furthermore, customer identification procedures and measures to counter money laundering and terrorist financing (KYC and AML) will be introduced.
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$99 474
BTC
+2.44%
-
Ethereum
$3 382.42
ETH
+8.16%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.38
XRP
+25.26%
-
Dogecoin
$0.394712
DOGE
+2.62%
-
Cardano
$0.869699
ADA
+11.41%
-
Bitcoin Cash
$495.59
BCH
-5.8%
-
Polkadot
$6.14
DOT
+7.99%
-
Stellar XLM
$0.280788
XLM
+18.38%
-
Litecoin
$90.01
LTC
+0.53%