US Regulator Clears Path for Banks to Offer Riskless Crypto Trading
- The US Office of the Comptroller of the Currency has released guidance clarifying that banks are permitted to facilitate riskless principal crypto transactions on behalf of their customers.
- Essentially, this means US banks will now be able to act as brokers, matching crypto buyers with sellers, while holding none of the crypto assets themselves.
- It’s hoped that by bringing banks, which are much more tightly regulated than crypto exchanges, into crypto trading, a new wave of TradFi investors may enter the crypto market.
Guidance issued December 9 by the US Office of the Comptroller of the Currency (OCC) has clarified that national banks in the US can offer customers riskless principal crypto transactions. It…
