Oldest U.S. bank BNY Mellon offers Bitcoin and Ethereum storage services

BNY Mellon licensed from New York state regulator to handle two cryptocurrencies

Oldest U.S. bank BNY Mellon offers Bitcoin and Ethereum storage services

The oldest U.S. bank BNY Mellon began to provide services for cryptocurrency storage. To do this, the company has received a license from the New York financial regulator.

The bank will store the keys needed to access and transfer cryptocurrency, as well as provide accounting services for bitcoin and Ethereum.

BNY Mellon says it is the first of eight systemically important U.S. banks to provide custody services for digital currencies and allows customers to use one custody platform for both traditional and cryptocurrency assets.

In the summer of 2021, BNY Mellon joined a group of six banks that plan to launch Pure Digital, a digital asset trading platform. At the time, the bank said it would roll out its cryptocurrency infrastructure as the legal and regulatory framework emerged.

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