Coinbase CEO Brian Armstrong was rather brave in saying that top US banks are fully ready for Bitcoin and that there is a major shift happening there.
Speaking at the Davos World Economic Forum, he said the banking leaders he spoke with are increasingly bullish on crypto.
In fact, most of them, he says, see it as a massive opportunity rather than a threat, with some even calling it their top priority and “existential” for their future.
Financial services firm River also say the Vibes from top US banks are positive
This vibe matches what Bitcoin financial services firm River is seeing on the ground. According to their latest findings of the top US banks, 60% of the top 25 institutions operating in the country are already offering or actively building Bitcoin-related services like trading, custody, or other crypto integrations.
River took to social media to explain this trend via their recent X post and claimed 60% of top US banks are into Bitcoin.
Three out of the Big Four top US banks are making moves and JPMorgan Chase is eyeing crypto trading additions, Wells Fargo is providing Bitcoin-backed loans to big institutional clients, and Citigroup is diving into institutional crypto custody options.
Together, these three alone manage more than $7.3 trillion in assets, showcasing that top US banks are leaning in.
Even global players with big US footprints are jumping on board. Swiss powerhouse UBS, which operates heavily here, is reportedly gearing up to let its wealthiest clients trade Bitcoin and Ether. It’s the newest name added to River’s growing list of top US banks embracing this space.
Of course, not every giant is all-in… yet
Bank of America, the other Big Four member and the second-largest overall, hasn’t announced any Bitcoin plans so far, despite sitting on over $2.67 trillion in assets. A couple of other large names like Capital One and Truist are also still on the sidelines for now.
After years of top US banks facing criticism for being anti-crypto, the landscape has finally flipped. Today, many of these institutions view Bitcoin not as something to avoid, but as a strategic play they can’t ignore.
