European Banking Giant BNP Paribas to Introduce Crypto Custody Services (Report)

BNP Paribas – a French international banking group – reportedly partnered with Metaco to start providing cryptocurrency custody services to its clients.

  • According to a recent coverage, one of the leading banks in Europe – BNP Paribas – entered the digital asset universe by joining forces with the Swiss-based crypto custody provider – Metaco – and the blockchain platform – Fireblocks.
  • As a result, the French monetary institution will be able to offer cryptocurrency custody services to its 60 million customer base.
  • BNP Paribas is the second-largest banking group on the Old Continent, after HSBC, and one of the biggest across the globe. It has over 190,000 employees and around $612 billion in assets under management.
  • It is worth noting that Metaco has guided similar initiatives before. Last month, the multinational financial services firm – Citibank – joined forces with it to introduce crypto custody services to customers.
  • Another major organization that offers such solutions to users is America’s oldest bank – BNY Mellon. In 2021, it started handling the bitcoin holdings of its institutional clients.
  • Shortly after, it extended the service to Ireland through a new digital asset unit set in Dublin, called “Digital Innovation Hub.” The latter received the nation’s central bank approval to act as a custodian for cryptocurrencies like bitcoin, non-fungible tokens (NFTs), and CBDCs (when launched).
SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

You Might Also Like:


.custom-author-info{ border-top:none; margin:0px; margin-bottom:25px; background: #f1f1f1; } .custom-author-info .author-title{ margin-top:0px; color:#3b3b3b; background:#fed319; padding:5px 15px; font-size: 20px; } .author-info .author-avatar { margin: 0px 25px 0px 15px; } .custom-author-info .author-avatar img{ border-radius: 50%; border: 2px solid #d0c9c9; padding: 3px; }

The post appeared first on CryptoPotato

Buy Bitcoin with Credit Card

BitMex Leverage Trading

Automated Trading Bot

Related Posts

Leave a Reply

Bitcoin (BTC) $ 68,044.23 1.55%
Ethereum (ETH) $ 2,411.60 2.57%
Tether (USDT) $ 0.999969 0.11%
BNB (BNB) $ 554.71 1.37%
Solana (SOL) $ 158.90 2.96%
USDC (USDC) $ 1.00 0.08%
XRP (XRP) $ 0.505546 0.23%
Dogecoin (DOGE) $ 0.162637 6.34%
Lido Staked Ether (STETH) $ 2,412.29 2.55%
TRON (TRX) $ 0.162711 1.44%