Tag: banks

BNP Paribas, one of the world’s largest banking groups, is reportedly considering partnering with a digital asset custody firm Metaco. The French bank, with almost $13 trillion in assets under custody, joins a long list of institutional firms, including Fidelity and Société Générale looking to offer crypto services for their clients. BNP Paribas, the French…

The ongoing cryptocurrency crisis, which coincided with a large outflow of funds from DeFi protocols, is a good reason to momentarily step back from the endless race for profitability and rationally assess the prospects of the decentralized finance industry. Having done so, we will immediately see what we need to change in DeFi to make…

The ongoing cryptocurrency crisis, which coincided with a large outflow of funds from DeFi protocols, is a good reason to momentarily step back from the endless race for profitability and rationally assess the prospects of the decentralized finance industry. Having done so, we will immediately see what we need to change in DeFi to make…

El Salvador has recently hosted a conference of several dozen developing countries’ heads of financial departments. They discussed the digital economy, servicing the unbanked citizens, and the integration of cryptocurrency into the financial system. For several days, El Salvador welcomed representatives of central banks and economic authorities from 44 countries (32 heads of central banks…

Arab Bank Switzerland, the Geneva-based affiliate of Middle Eastern lender Arab Bank PLC, has extended its crypto offerings focused on wealthy investors. It includes ten major decentralized finance (DeFi) tokens, such as AAVE, COMP, UNI, and more. Arab Bank Switzerland began offering crypto custody and brokerage of Bitcoin and Ether back in 2019. Recently, CoinDesk…

We finish our description of the cryptocurrency industry through the eyes of “traditional” financiers, primarily bankers. As it turned out, they are not as blinkered as we used to think. Moreover, they can reasonably assess the prospects of a decentralized financial world. Strong impression of DeFi Decentralized finance has undoubtedly greatly impressed financial market professionals….