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BREAKING: Banky McBankface Thinks People Will Actually Trust Them to Store Their Crypto Now

A  bank vault with a giant bitcoin symbol on it, surrounded by dollar signs and chains of gold coins. The vault is open, revealing a sea of digital assets floating inside. A large key hangs out of the lock, as if recently turned.

The emperor’s new clothes: BNY Mellon thinks it can make a profit off of crypto, but will anyone actually show up?.

Source: bitcoin.com

BNY Mellon, one of the world’s largest custodian banks, is seeking to offer custody services for bitcoin and ether to exchange-traded product (ETP) clients. The bank is also eyeing large-scale growth in the crypto space, with plans to seek more regulatory approvals to capitalize on the lucrative crypto custody market. Bank of New York Mellon Corp. (BNY Mellon) revealed to Bloomberg on Tuesday that it is preparing to offer custody […]

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