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Wednesday

28 July 2021

BNY Mellon Adds to Crypto Activity with Pure Digital Bet | Crypto Briefing

BNY Mellon Adds to Crypto Activity with Pure Digital Bet | Crypto Briefing


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The Bank of New York Mellon has joined five other banks in backing the institutional Bitcoin trading platform Pure Digital. .

BNY Mellon will join five other banks who are already backing the platform, including fellow custody bank State Street. .

In addition to providing crypto custody services for institutional clients, BNY Mellon has also actively invested in major players in the crypto industry

As BNY Mellon increases its presence in the crypto industry through ventures like Pure Digital, the bank seems set on attracting institutional interest from traditional financial markets

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