$82,351.00
9.07%$1,636.32
15.39%$2.02
16.12%$577.22
6.44%$116.95
13.65%$0.999889
0.00%$0.157501
14.15%$0.238835
5.15%$0.619505
13.28%$1,633.39
15.55%$82,320.00
9.44%$9.38
4.02%$12.41
16.38%$3.11
6.32%$0.999832
-0.00%$18.20
15.44%$0.237164
9.38%$0.168847
17.96%$2.19
16.32%$1,959.76
17.09%$0.00001182
13.66%$6.77
10.41%$302.40
14.98%$75.36
11.03%$3.59
8.47%$0.998574
-0.30%$4.31
8.89%$0.999415
0.14%$13.60
19.25%$1,634.88
17.15%$0.59284
7.13%$28.06
2.18%$202.43
4.44%$1,740.15
15.37%$53.36
6.81%$5.29
14.41%$1.047
0.03%$0.00000681
15.01%$82,337.00
9.17%$4.67
10.93%$0.863351
23.21%$21.90
8.69%$2.06
11.73%$29.98
4.16%$4.95
9.31%$0.086714
9.84%$0.69971
6.41%$15.11
10.37%$1.00
0.00%$1.16
0.04%$141.66
15.49%$4.50
10.37%$228.26
17.43%$0.02202613
15.16%$0.996437
0.21%$0.067561
13.06%$82,287.00
9.58%$4.03
0.01%$3.32
21.14%$0.309753
16.63%$8.10
10.14%$0.185106
13.30%$2.44
10.83%$0.178607
17.57%$0.477579
23.33%$2.53
10.81%$0.288275
11.54%$82,206.00
9.64%$3.60
8.01%$10.29
16.45%$1,375.03
16.24%$4.47
14.00%$0.436947
18.19%$0.654594
12.96%$0.707997
9.72%$0.371906
16.00%$0.066131
6.64%$1.03
11.35%$1.002
-0.81%$1,630.66
15.50%$122.37
14.88%$66.29
12.17%$1,705.77
16.81%$0.01467813
31.28%$0.604656
15.62%$15.67
1.06%$0.699505
15.76%$0.998885
-0.26%$0.0000109
16.67%$0.999601
0.05%$0.327782
9.87%$1,846.24
16.68%$0.99997
0.03%$0.998136
0.01%$7.90
14.96%$3,092.25
2.99%$0.75771
12.49%$0.079019
12.89%$0.153836
11.58%$0.735528
48.95%$0.413617
12.81%$3,101.77
3.26%$81,657.00
9.23%$578.91
6.57%$0.508909
12.87%$82,357.00
9.04%$0.728322
16.68%$1,731.69
15.69%$0.998888
0.04%$0.255198
13.19%$0.01406603
15.38%$0.593773
5.79%$0.102166
10.53%$0.159583
12.78%$0.0000006
7.87%$36.15
3.76%$0.452676
17.58%$28.39
12.37%$1.90
15.40%$0.01136086
17.80%$0.344305
12.81%$149.91
13.92%$1.69
10.23%$3.30
24.50%$0.999018
-0.07%$0.00005368
14.30%$1,702.20
16.39%$0.497814
9.04%$1.70
10.30%$0.998642
-0.09%$2.74
17.75%$126.96
13.46%$0.999888
0.01%$14.30
16.96%$0.433915
6.62%$80,863.00
11.30%$0.999888
0.00%$0.066953
-2.55%$0.126659
14.11%$0.0047983
25.58%$1.11
-0.16%$0.468966
21.75%$1.55
-6.18%$3.96
21.82%$0.0075933
26.87%$0.557296
11.25%$0.226052
12.09%$82,336.00
9.77%$5.87
11.40%$0.156877
-1.59%$82,297.00
10.11%$0.00000041
3.44%$0.999974
0.64%$1.082
0.01%$110.63
0.01%$0.157292
14.25%$1.001
0.46%$0.999836
0.05%$14.10
14.65%$0.135543
16.56%$1,731.43
14.29%$0.0117873
43.87%$1.11
13.04%$2.39
11.47%$1.81
30.57%$0.03902902
12.25%$82,166.00
9.32%$0.0000186
12.03%$0.073305
15.92%$22.37
0.23%$0.366502
19.59%$1,635.48
15.79%$0.570285
13.76%$77,106.00
0.00%$39.39
9.51%$0.996013
-1.05%$0.173017
11.77%$5.25
10.81%$0.074349
8.93%$1,634.15
15.72%$0.00642548
18.50%$0.41697
13.12%$0.00000163
3.99%$1,662.05
13.07%$1,634.81
15.61%$0.779315
8.36%$0.998602
-0.04%$0.185069
13.18%$0.999506
0.02%$3.99
23.22%$0.00005767
11.12%$0.472413
11.49%$0.325724
13.30%$0.378239
27.15%$1,633.74
17.13%$0.03000735
4.83%$0.00351755
11.07%$1,658.66
14.90%$0.999419
0.06%$0.999444
-0.04%$2.54
14.84%$0.0281525
16.59%$0.00440139
16.82%$0.133216
8.25%$103.87
13.74%$0.0004438
153.06%$82,083.00
9.07%$1,609.01
15.77%$3,083.89
3.38%$0.219273
16.83%$0.20832
11.67%$2.65
4.87%$20.72
10.32%$1,633.39
15.88%$1.055
11.85%$1.016
13.86%$81,906.00
10.99%$0.431177
7.48%$0.489176
7.14%$0.542667
10.70%$0.242567
12.88%$1.00
-0.00%$0.171273
12.19%$21.57
7.70%$0.02975888
12.91%$1,731.00
16.82%$0.03409625
16.52%$1,786.13
15.78%$1,652.85
8.78%$13.46
11.73%$0.643649
13.92%$18.26
15.73%$0.997884
0.02%$3.28
50.36%$1,776.29
15.63%$0.094415
11.80%$0.632254
31.08%$12.74
-2.05%$0.874928
6.41%$0.504818
3.91%$1.00
0.01%$0.01058002
12.55%$0.462116
20.65%$1,636.26
16.71%$82,031.00
10.15%$1.95
15.41%$2.59
4.75%$0.055005
13.48%Reading
New York Digital Investment Group (NYDIG) has partnered with fintech giant Fidelity National Information Services (FIS) to enable U.S. banks to offer their clients the ability to buy, sell and hold Bitcoin through their existing accounts. The two firms expect that this "industry-first" solution will be available in the coming months.
"What we're doing is making it simple for everyday Americans and corporations to be able to buy Bitcoin through their existing bank relationships," Patrick Sells, head of bank solutions at NYDIG, told CNBC.
The partnership will see FIS provide a user-friendly interface for Bitcoin trading services through its Digital One mobile app, while NYDIG, a subsidiary of New York-based asset manager Stone Ridge, will take care of custody and trade execution. Additionally, FIS Ventures, the venture arm of FIS, has invested an undisclosed amount into NYDIG.
Currently, those Americans who want to purchase Bitcoin can do so via cryptocurrency exchanges like Coinbase or Kraken, crypto apps such as Robinhood and Square, and—most recently—through PayPal.
While traditional banks have yet to offer Bitcoin-enabled services to their customers, the situation is changing, with financial institutions beginning to explore the possibility of adding cryptocurrency services for their clients.
Very excited to announce our partnership with @FISGlobal as #Bitcoin becomes more integrated with banking services. Our collective solution will help bridge the gap in accessibility to Bitcoin. https://t.co/uLikvkbRvL pic.twitter.com/g0sciBLC68
— NYDIG (@NYDIG_BTC) May 5, 2021
According to Yan Zhao, president of NYDIG, banks are seeing their customers sending large amounts to cryptocurrency exchanges and want a share of the pie.
"This is not just the banks thinking that their clients want Bitcoin, they're saying 'We need to do this, because we see the data'," said Zhao.
Another problem, says Zhao, is that big banks are mainly focused on institutional investors, limiting access to crypto for retail customers. Last month, Morgan Stanley said it would allow certain mutual funds to invest "indirectly" in Bitcoin through cash-settled Bitcoin futures and the Grayscale Bitcoin Trust, while multinational investment bank Goldman Sachs is reportedly looking to offer Bitcoin and other digital assets to its clients in the coming months.
"Most people can't invest in things that institutional investors get to invest in," Zhao said. "With Bitcoin available through your bank to be purchased with as little as $1, now you have an attractive asset that's available to be owned by anyone in any amount."
Morgan Stanley will allow certain mutual funds to invest “indirectly” in Bitcoin through cash settled Bitcoin futures and the Grayscale Bitcoin Trust, according to documents filed with the SEC Thursday morning. Twelve funds under the heading of the bank’s Institutional Fund will be allowed to access these Bitcoin-related products, as will the Institutional Fund Trust, Insight Fund, Variable Insurance Fund, and Europe Opportunity Fund. The value of cash settled Bitcoin futures has to do with the...
Currently, NYDIG is in discussions with several major U.S. banks. However, as detailed by Sells, hundreds of smaller banks across the country are already enrolled in the program. One of them is Suncrest, a California-based community bank with just seven branches.
NYDIG's other plans include the launch of debit card rewards paid in Bitcoin, as well as a new type of FDIC insured bank account that would pay interest in cryptocurrency.
The price of various crypto-linked stocks soared on Wednesday after U.S. President Donald Trump unveiled a 90-day pause on implementing most of his “reciprocal” tariffs. Strategy, Coinbase and major Bitcoin miners were well into positive territory as U.S. markets closed, reversing more than a week of steep losses. The president said over 180 countries would see temporary relief “effective immediately,” although Chinese goods would still be subject to stiff levies, raising the total rate on the...
After teasing a big announcement and an announcement of an announcement, Magic Eden has finally revealed the news: It’s pivoting into fungible token and meme coin trading across multiple chains. In a move signaling its growing ambitions beyond NFTs, Magic Eden revealed Wednesday that it will acquire Slingshot Finance, the mobile-first crypto trading application known for its cross-chain swaps and retail-friendly interface. The acquisition strategy positions Magic Eden as an alternative to tradit...
Ripple has acquired crypto-friendly prime brokerage Hidden Road for $1.25 billion, marking one of the largest deals in the crypto industry's history. The blockchain technology firm is aiming to use Hidden Road's platform to serve a wide range of institutional clients on a bigger scale, according to a company statement released on Tuesday. “We are at an inflection point for the next phase of digital asset adoption – the US market is effectively open for the first time due to the regulatory over...
