BTC stays on the fence despite this key crypto twist in traditional finance

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 68%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Deutsche Bank, one of the largest financial institutions in the world has reportedly launched crypto custody services. While this may be good news for the crypto market, Bitcoin's latest recovery may have something more to it than what meets the eye.

Mega bank, Deutsche Bank , is now offering Bitcoin and crypto custody services.Well, not so long ago, the banking and traditional finance industry saw Bitcoin as a threat and stood against it. The announcement represents the change that has been taking place over the last few months and more importantly, banks are changing their minds about Bitcoin.

The development adds to the list of Bitcoin-centric outcomes that have been aligning in favor of a bullish outcome. The fact that a major global bank is venturing into Bitcoin custody suggests that there is a growing demand for cryptocurrencies from their customers. The list definitely includes institutional clients.

The higher confidence coming from the banking institution coupled with more institutional involvement could yield a bigger rally than the previous bull run. While the development highlights long-term prospects, there are signs that the short-term situation might be about to change.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 22. in BR

Brasil Últimas Notícias, Brasil Manchetes