More than 60% of the largest US banks have either launched or announced plans for Bitcoin-related services, according to data shared by Bitcoin financial services firm River. These offerings include trading, custody, and lending products tied to digital assets, marking a notable shift from earlier industry resistance.
The trend was echoed by Coinbase CEO Brian Armstrong, who said discussions with bank executives at the World Economic Forum in Davos suggested growing openness to crypto. Several senior banking leaders reportedly view digital assets as strategically important, with some describing crypto adoption as a competitive necessity rather than an optional experiment.
While institutions such as JPMorgan Chase, Wells Fargo, and Citigroup have moved forward with crypto initiatives, others remain cautious. Concerns around stablecoins, regulatory clarity, and systemic risk continue to limit broader adoption, indicating that while momentum is building, the banking sector’s embrace of crypto remains uneven.
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