“US Bank will start Bitcoin trading in 2021” NYDIG provides framework
Some US banks will be able to buy, hold and sell Bitcoin through their existing accounts. NYDIG is a subsidiary of Stoneridge, a major US asset management company. NYDIG has partnered with fintech giant Fidelity National Information Services (FIS) to provide a framework that will allow banks in the United States to trade Bitcoin in the coming months. It has already been revealed that some banks have decided to adopt this framework. Most of the banks are small financial institutions. It is currently in the process of negotiating with a major bank. If small banks can profit from introducing cryptocurrency trading for individual customers, it is expected that major banks such as Bank of America and JP Morgan will enter the market.