Aaand another one jumps on the bitcoin train!
Bank of New York Mellon (BK) announced it will begin financing bitcoin and other cryptocurrencies by integrating them into its existing financial network. Guess they had bitcoin FOMO and decided to join all the hip entrepreneurs on the journey!
According to the CEO of asset servicing, Roman Regelman, “growing client demand for digital assets, maturity of advanced solutions, and improving regulatory clarity present a tremendous opportunity for [BNY Mellon] to extend [its] current service offerings to this emerging field.”
Shares of BK spiked as much as 4.5% on the news. According to sources from within the bank, it should begin offering crypto services to customers later this year pending product analysis and approvals.