300 banks to offer bitcoin to customers in the first half of 2022

About 300 community banks are expected to launch bitcoin trading in partnership with Stone Ridge subsidiary NYDIG in the first half of 2022, according to a report by The American Banker. Over the past few months, banks have been busy tackling regulatory issues. Participants interviewed by The American Banker claim that they are now close to launching support for Bitcoin after finalizing the partnership and addressing security concerns associated with the new asset class. While the idea of buying bitcoin from a bank sounds like an oxymoron, small banking institutions expect cryptocurrency adoption will help them stay afloat.