Buy Crypto
Markets
Contract
Spot
Earn
Web3 new
Learn
Blogs > Crypto in a Minute > BNY Mellon Launches Crypto Custody Platform >

BNY Mellon Launches Crypto Custody Platform

Author: Jeffrey Craig Date: 2022-10-12 03:16:33

  • Facebook
  • Twitter
  • LinkedIn
  • Telegram
  • Discord
  • Youtube
Subscribe Phemex

Get The Latest News And Updates From Phemex!

giftRegister to get $180 Welcome Bonus!
Email
Password
Invitation code (Optional)

Main Takeaway: More Crypto Adoption From US Financial Institutions

All the major cryptos are flat d-o-d. However, there’s been a piece of major news regarding crypto adoption from major US banks, in particular BNY Mellon. BNY Mellon just announced that it will be launching a digital asset custody platform for its clients to invest in Bitcoin and Ethereum.

The bank recently held a survey that concluded over 90% of institutional investors are interested in tokenized products and over 40% hold crypto in their portfolio today. The main takeaway should be that regular traders and retail investors should watch closely what institutions and banks like BNY Mellon are doing with crypto. This will be the most reliable indicator of where the future lies for the industry. Recently, we’ve seen Google, Fidelity, and BlackRock get into the game. This means that it’s still early, especially as prices remain at discount levels.

Today’s Top Gainers

The top five performing coins on Phemex d-o-d are dYdX (DYDX/USDT), Santos FC Fan Token (SANTOS/USDT), Terra Luna (LUNA/USDT), Reef Finance (REEF/USDT), and Green Satoshi Token (GST/USDT).


For any inquiries contact us at support@phemex.zendesk.com
Follow our official Twitter | Join our community on Telegram
Trade crypto on the go: Download for iOS | Download for Android
Phemex | Break Through, Break Free
  • Facebook
  • Twitter
  • LinkedIn
  • Telegram
  • Discord
  • Youtube
Subscribe Phemex

Get The Latest News And Updates From Phemex!

giftRegister to get $180 Welcome Bonus!
Email
Password
Invitation code (Optional)
start trading start trading start trading

Register On Phemex Now To Begin Trading

Register On Phemex

More Articles

Subscribe Phemex

Get The Latest News And Updates From Phemex!

Get The Latest News & Updates!