Within 36 Months More than a Third of Banks Will Offer Crypto Services, New Research
On Monday, American Banker – a popular publication for top banking leaders — issued its 2022 banking predictions based on survey results of 175 top executives including C-suite, regional, and divisional execs spanning global and community financial companies. According to the report, cryptocurrencies are going to play a bigger role in traditional banking next year, even though only 2 in 10 financial advisors currently counsel their clients on crypto holdings. Other crypto highlights from the 22-page report include:
- Nearly 40% of those questioned said they are likely/somewhat likely to offer crypto services to retail clients next year.
- Approximately 10% currently manage or other digital currencies within their client accounts.
- On average, respondents said 4% of…