Global banking reveals massive $10.27 billion crypto invest

[Cryptocrit]

According to a recent report from the Basel Committee on Banking Supervision (BCBS), nineteen North American and European banks have disclosed significant investments in cryptocurrencies, totaling €9.4 billion ($10.27 billion). This represents a growing trend of adoption of cryptocurrencies by traditional financial institutions.

The BCBS, after implementing a new crypto data collection template over the past five years, has revealed the extent of cryptocurrency engagement among its member banks. North American banks are leading with ten entities disclosing their investments, while seven European banks have also reported their exposures.

 

[BashirJasper]

Yeah, I did predict that the next crypto bull is gonna be fueled by multiple factors including BTC & ETH spot ETF and massive crypto adoption. And I can also see increased investment in some top platforms ecosystem like Bitget, Binance and OKX.

 

[GeneralEth]

We are not all ready for the epic year of crypto currency, which we are all expecting in 2024. The report also reveals that XRP is among the top assets in which these banks have invested bagged it already on bitget. This significant investment in cryptocurrencies by traditional financial institutions is a clear indication of their growing engagement with digital assets.