San Francisco-based SoFi bank holds nearly $170 million in cryptocurrencies on its balance sheet. followThe second quarter (Q2) earnings report by U.S. Bank, serving over six million customers, saw a significant increase in crypto holdings compared to the previous quarter.
SoFi Bank started offering crypto to its customers in September 2019 in partnership with Coinbase. It also allows customers to buy and sell cryptocurrencies.
The crypto sector’s relationship with mainstream banking It is often seen as an important step towards wider adoption. But after the tumultuous 2022 and the collapse of many crypto banks in 2023, that future remains uncertain.
refer : cointelegraph
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