More Banks Are Coming For Cryptocurrency!

The increase in the adoption of cryptocurrencies and the studies on its use in our daily lives have also mobilized banks.

in 2021 cryptocurrency It is expected that these trends of banks, which make radical decisions regarding their units and contribute to the increase in adoption, will increasingly continue in 2022.

There Will Be Cryptocurrency Competition Between Banks!

In this context, working in the financial services industry American Banker conducted a research with the participation of 153 senior banking executives from the regional and global financial sector.

According to the results of the research published on January 29, the number of banks offering crypto services is expected to more than double by the end of 2022.

According to the research, 44% of bank executives said they expect to offer at least one type of crypto service to their customers by the end of 2022, while a third said they expect to actively manage their clients’ crypto portfolios.

60% of bank executives also think that their clients will increase their crypto portfolios or at least start investing in cryptocurrencies by the end of the year.

Finally, the executives, who stated that the focus of banking services this year will be the wide range of crypto services to be offered to customers, predicts that banks will be in strong competition with each other to retain their customers.

*Not investment advice.

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