Sullivan Bank will allow its clients to possess crypto in their wallets along with traditional currencies.
So far will be available only Bitcoin and Ethereum. This option was opened thanks to the cooperation of the bank with the crypto company Bakkt. The COO of the bank said that interests in cryptocurrency assets are becoming more and more popular and it is important to give people the opportunity to interact with them.
Today, the number of people using cryptocurrencies is two hundred million. According to the CEO of the cryptocurrency exchange Coinbase, that number will reach one billion people in the next ten years. If that happens, the value of major cryptocurrencies will rise significantly and at the same time, conservative financial institutions will not be able to ignore crypto-invasion.