BNY Melon starts custodying crypto today...
This might be something...
The other day it was announced that BNY Melon would start a custody service for crypto assets.
Specifically, bitcoin, though they will probably custody other crypto assets as well.
BNY Melon is big bank...
How big you might be wondering?
Well, they have roughly $2.4 trillion of assets under management...
(Source: https://twitter.com/sunnydecree/status/1579816536042541056/photo/1)
Many of those customers don't already own bitcoin and crypto, this provides yet another on ramp for new users to get involved with the bitcoin and crypto ecosystem.
Once the bear market blows over, things should build back up rather quickly.
Upvoted! Thank you for supporting witness @jswit.
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