Bank of America Approves Bitcoin Futures Trading, According to Newspaper

Charlie Taylor

After years of criticism of Bitcoin, Bank of America (BofA) joins the growing group of banks that offer some product related to btc. One of the largest US banks has approved trading in bitcoin futures, according to Coindesk newspaper. Citing two sources familiar with the matter, Coindesk reported that the banking giant is allowing BTC futures trading for a small portion of its customers. One of the sources said that users are already interacting with the platform, which will use the futures of the Chicago Mercantile Exchange (CME). Earlier this year, Bofa released a report stating that bitcoin had failed as a store of value, was too volatile and impractical. The bank even prohibited some clients from trading investments related to the cryptoactives market.

Money Talks?!

Even the most critical bitcoin banks, such as Itaú in Brazil and JP Morgan in the US, put their criticisms aside to make money with purchase fees via ETFs, investment in development teams and other actions to take advantage of the cryptocurrency boom .On the podcast “Banks Investing in Bitcoin?” we talked about why banks are eyeing bitcoin. By the way, did you know that bitcoin will save the banks? Understand how!Buy and sell Bitcoin and other cryptocurrencies on Coinext
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