The bank and crypto connection

Making mass adoption possible

Dear Reader, Few traditional banks are invested in crypto. At last count, 23 banks have a foothold in the market.  These include the big banks like Morgan Stanley, BNY Mellon, and Citigroup. Among others.  The trend may soon change as crypto continues going mainstream.  Take San Francisco-based SoFi bank. It serves more than six million customers… Holds $166 million in crypto on the balance sheets and… Allows customers to buy and sell various cryptocurrencies.  The "catch" is that SoFi did not start out as a bank. At first, it offered only crypto services.  Then it obtained a banking license in the early part of 2022.  Regardless, SoFi is a mainstream bank making crypto available to the public. Despite the demise of three crypto banks this year…  SoFi is moving in a positive direction.  This is a big step for continued mass adoption.  Cointelegraph is also helping to spearhead the adoption of crypto.  Through its Markets Pro dashboard… Users can access active crypto trading 24 hours a day.  Regards, Russell DeCorte Director Markets Pro © 2023 COINTELEGRAPH MARKETS PRO COINFIDENTIAL. Copyright © 2023 Cointelegraph Markets Pro, All rights reserved. You are receiving this email because you opted in at our website. Our mailing address is: Cointelegraph Markets Pro 21 W 46th St New York, NY 10036-4119 Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.