Cryptocurrency Q&A
What is US Bank's cryptocurrency custody program?
What is US Bank's cryptocurrency custody program?
AzureWave
Tue Jul 16 2024
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7 answers
1615
Could you elaborate on the specifics of US Bank's cryptocurrency custody program? What kind of cryptocurrencies are being supported under this program? What measures are taken to ensure the security of the assets held? What kind of customers is this program designed for? Additionally, what are the requirements and process for a client to establish a custodial account with US Bank for cryptocurrency holdings? How does the bank ensure compliance with relevant regulations in this emerging field? Lastly, how does this program compare to other custody solutions in the market?
7 answers
Ilaria
Thu Jul 18 2024
The new program marks a significant step for the banking giant as it explores opportunities in the rapidly growing cryptocurrency market.
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Carlo
Thu Jul 18 2024
NYDIG's involvement in the initiative highlights the bank's commitment to working with established players in the crypto space.
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CryptoPioneer
Thu Jul 18 2024
The custody program will initially support institutional crypto funds invested in bitcoin, bitcoin cash, and litecoin, according to reliable sources.
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EnchantedDreams
Thu Jul 18 2024
On Tuesday, U.S. Bank, the fifth-largest bank in the country, announced its collaboration with NYDIG, a prominent bitcoin investment firm, to launch a cryptocurrency custody program.
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CryptoLegend
Thu Jul 18 2024
This move follows the bank's initial tease of crypto plans in April, indicating its intention to diversify its services and cater to the needs of investors in the digital asset space.
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