America’s Big Banks Test Crypto with Coinbase, Signaling Shift in Industry

Major U.S. banks are starting to see crypto infrastructure as an opportunity, not a threat, according to CEO Brian Armstrong of Coinbase. Several financial institutions are running pilot programs with Coinbase, exploring stablecoins, custody solutions, and digital asset trading. These tests are taking place despite recent declines in crypto prices, but executives like Larry Fink of BlackRock are seeing long-term potential for crypto in finance.