U.S. Banks Gain Authority to Offer Crypto Services

The U.S. Office of the Comptroller of the Currency (OCC) has issued a major change that will allow banks to offer crypto trading services directly to customers. This move signifies a significant step towards mainstream adoption of digital assets within traditional banking systems. The new policy grants banks permission to outsource crypto-related activities like custody and execution, ultimately broadening their service offerings. While specific details remain to be determined, this development could lead to substantial revenue gains for banks while potentially attracting new customers who are seeking easier access to cryptocurrency markets.