Around 300 community banks are expected to launch Bitcoin trading in the first half of 2022 in partnership with Stone Ridge subsidiary NYDIG.
The plan first became known in July. Over the past few months, banks have been busy ironing out regulatory issues.
Participants interviewed by American Banker claim that they are now close to launching support for Bitcoin after finalizing their partnerships and addressing security concerns linked to the novel asset class.
Even though the idea of buying Bitcoin from banks might sound like an oxymoron, small banking institutions expect that embracing crypto will help them stay afloat.
