US Banks Cleared to Execute “Riskless” Crypto Trades: What It Means for Adoption
The U.S banking regulator has cleared national banks to handle “riskless” crypto trades. This move allows banks to match buy and sell orders for crypto without holding coins themselves. Many see this as a major step for crypto adoption in the U.S.
Banks can now act as middlemen. They can fill both sides of a trade and pass the asset at once. They do not keep the crypto on their books. This keeps their risk low and gives large clients a safer way to trade.
What did Regulators Approve?
The Office of the Comptroller of the Currency (OCC) released guidance that lets banks carry out “riskless principal” crypto trades. In these trades, the bank buys from one customer and sells to another at the same time. In…
