Thursday, October 28, 2021
Home Crypto News Market Bank of America Approves Bitcoin Futures Trading

Bank of America Approves Bitcoin Futures Trading

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Bank of America Approves BTC Futures Trading.

As reported by CoinDesk, the second-biggest U.S. bank, Bank of America, allegedly plans to roll out Bitcoin futures trading for some of its customers.

Read: Microstrategy CEO Michael Saylor: “Bitcoin Is Big Tech Network Without Company”



According to them, BoA will also be using Bitcoin futures provided by CME. This Chicago-based exchange was the first entity to roll out BTC futures trading in December 2017, when Bitcoin hit its first significant all-time high close to the $20,000 price mark.

ReadScott Conger, Mayor of Jackson City Plans To Accept Bitcoin For Tax Payments And Consider BTC As Fix For Inflation

Recemtly Bank of America launched a dedicated crypto research group. The research job was to focus on various crypto assets and technologies associated with them.

Bank of America new crypto research group was be led by Alkesh Shah to focus on technologies related to the digital asset market.

Read: Twitter And Square CEO Jack Dorsey Confirms Square Is Building a Bitcoin Hard Wallet

“We are uniquely positioned to provide thought leadership due to our strong industry research analysis, market-leading global payments platform, and our blockchain expertise.”

 

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Jakkkhttps://thecryptobasic.com/
Owner of TheCryptoBasic. Involved in cryptocurrencies for more than five years, Love to trade and write on cryptocurrencies. My primary aim is to provide genuine information to cryptocurrency readers because crypto is filled with frauds and scams. Accurate information is scarce to get. So We at TheCryptoBasic will be providing accurate information about cryptocurrencies topics that users can trust.

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