Crypto News Flash #188: Russia's Largest Banks Are Managing Crypto Portfolios For Their Clients

Well, crypto market seems to be in Bearish phase these days and there's no comparatively less volume in the market currently. It seems like people have lost interest in crypto space but it isn't what it seems like. There are so much going on in crypto space behind the scenes. A lot of powerful investors are increasing their shares in crypto market quietly where general people are looking for a exit. 

Even Russia's largest banks: Bank of Russia, Sberbank and Alfa Bank are managing crypto portfolios for their clients. These three banks will offer portfolio services to users who're willing to invest in crypto space. Their investment will be deposited in a fund maintained by these three banks which actively trades in six most popular cyptocurrencies across various major crypto exchanges.

These three banks are entering crypto trading space with the help of  AddCapital investment fund, the National Settlement Depository and Group IB.

Sberbank's Deputy Ana Ivanchuck said that:

"We'd like to offer our clients an absolutely transparent way to invest in digital assets with a full compliance with regulations that will let them invest in the product they are interested in Russia." 

Basically, their objective is to provide top end services to their clients related to crypto market and aloso bring awareness across the whole country. 

This is really a positive news for crypto space as more and more traditional investment groups are entering crypto space. Let's hope market recovers soon. 

Thanks for reading ...!!

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