The crypto market in the US is thriving with the return of Donald Trump and his support for digital currencies. Banks are leveraging regulatory changes during the Trump era to enter the crypto market. Banks, especially focus on providing digital currency custody services. Citigroup is exploring digital currency custody services after a successful pilot project showcasing their ability to tokenize private investment funds on a blockchain platform. Other major banks such as BNY Mellon, Standard Chartered, HSBC, and State Street are also expanding their digital asset custody services. Coinbase is negotiating with banks to offer crypto custody and trading services. However, some banks are awaiting approval from the Federal Reserve and the New York State Department of Financial Services. Federal Reserve Chairman Jerome Powell stated that banks can provide crypto services to customers if they adhere to risk controls. E-Trade, backed by Morgan Stanley, is entering the crypto space, while Goldman Sachs is considering these services with conditional regulatory transparency. Stay updated with real-time prices of all tokens and cryptocurrencies on the digital currency price page.
