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Author: Admin | 2025-04-28
Due to the unclear regulatory frameworks, it has partnered with Galaxy Digital to execute all transactions. For now, Goldman Sachs’ clients can only trade Bitcoin futures, but the bank may eventually expand its line of products soon.Silicon Valley BankSilicon Valley Bank can certainly claim the prize for the coolest name in the industry. As the name suggests, it is a bank which is focused on providing solutions to high-tech companies located in and out of Silicon Valley. Since its beginning, the bank has funded more than thirty thousand start-ups, many of which went on to become unicorns, those with value over $1 billion. Silicon Valley Bank also assists companies that want to launch their own blockchains and cryptocurrencies or simply operate in the sphere of crypto finance. For instance, the bank funded one of the largest crypto exchanges, Coinbase, and its stake now can be worth more than $150 million.CommerciumCommercium is a bank that you probably have never heard of. Yet, in fact, it is one of the leading institutions driving the adoption of digital assets by the banking industry stakeholders. As mentioned earlier, Wyoming became the first state in the US to legalize the use of blockchain and cryptocurrencies by banks. Commercium is one of the first banks to receive Wyoming’s depository institution bank charter, which grants it the right to leverage digital assets legally. As of September 2021, Commercium has not yet begun its operation since it needs to acquire the last document to start working.Signature BankSignature Bank is another bank which does not get much coverage in the media. Nevertheless, the crypto reserves of the institution are practically staggering. In Q2 of 2021 alone, the bank has received more than $6 billion in crypto deposits from its clients. According to the bank’s CEO, more than half of
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