BNY Mellon Offers Bitcoin Custody – Bitcoin Magazine

  • BNY Mellon can now offer bitcoin custody.
  • The centuries-old institution has won approval from New York’s financial regulator to begin providing services.
  • The move comes as institutions try to meet the growing demand for crypto services.

Bank of New York Mellon (BNY Mellon), the world’s largest custodian bank, has launched a bitcoin custody service, according to a report from The Wall Street Journal.

America’s oldest bank said it will begin accepting customer cryptocurrencies on Tuesday, becoming the first major US bank to protect digital assets alongside traditional investments on the internet. the same platform, the WSJ reports.


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