Major Banks Increase Bitcoin and Crypto Services for Clients
As major financial institutions continue to embrace the world of cryptocurrency, Citi and Morgan Stanley have announced significant expansions in their offerings to cater to the growing demand for digital assets.
Citi has integrated Bitcoin into bank-grade custody and reporting frameworks, marking a notable step towards mainstream adoption of cryptocurrencies. On the other hand, Morgan Stanley is venturing into crypto trading, lending exploration, and tokenized products to better serve its wealth clients.
The move by these banks is seen as a response to the increasing interest from institutional and retail investors in diversifying their portfolios with digital assets. By expanding their services in the realm of cryptocurrencies, Citi and Morgan Stanley aim to position themselves as key players in the evolving financial landscape.