Bank of America customers will be able to trade bitcoin futures
Bank of America and its contradictions
It is worth noting that, until now, the information on the adoption of bitcoin by the bank has not been confirmed by authorities of the financial institution, If it is a fact, the adoption of bitcoin by Bank of America contradicts its position on cryptocurrency , exposed in a report just 4 months ago.
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The report collected by this means, the bank indicated that the "exceptional volatility" of bitcoin makes it "impractical as a store of value or as a means of payment."
Bank of America follows the route of other banks regarding bitcoin
The path that Bank of America begins to travel towards bitcoin already been followed by other US financial institutions, with other types of financial instruments.
Such is the case of Morgan Stanley, which became the first traditional bank in the United States to offer the purchase of bitcoin to its clients through three investment funds .
nother bank that has been taking ground in the cryptocurrency market is Goldman Sachs. CriptoNoticias reported last March that the financial institution would offer its private clients wealth management mechanisms to invest in bitcoin .
Goldman also entered the game of bitcoin futures markets , partnering with cryptocurrency investment and financial services company Galaxy Digital to provide liquidity to its clients.SOURCE
