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Coinbase Partners with Banks on Crypto Pilot Projects

Crypto News

Coinbase CEO Brian Armstrong reportedly said Wednesday (Dec. 3) that his company is working with some of the biggest U.S. banks on pilot programs testing stablecoins, crypto custody and trading.

“The best banks are leaning into this as an opportunity,” Armstrong said at the New York Times DealBook Summit, CoinDesk reported Wednesday. “The ones who are fighting it are going to get left behind.”

Armstrong did not name the banks, according to the report.

Coinbase has announced some other collaborations with banks in recent months.

The company said in October that it planned to collaborate with Citi on digital asset payment capabilities for the bank’s clients, starting with its institutional clients and potentially expanding to…

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