Coinbase, Circle, BitGo, and Paxos Seek U.S. Bank Licenses: A Move Towards Mainstream Acceptance

Cryptocurrency companies are taking a significant step towards integrating with traditional finance by seeking U.S. bank licenses. This strategic move reflects the industry’s push for increased legitimacy and lower borrowing costs. Coinbase, Circle, BitGo, and Paxos are reportedly applying for these licenses, aiming to secure a stronger foothold in the financial system and potentially influencing market dynamics positively.