Coins of cryptocurrencies. Credit: Iaroslav Danylchenko phoographer/Adobe Stock Wall Street Firms Make Crypto Push to Catch Up With 'Cool Kids'
"Banks are forever going to be trying to play catchup," said Michael Moro, CEO of digital currency prime brokerage Genesis. "Crypto is going to move way faster than banks can."
April 25, 2022 at 05:30 PM
6 minute read
On Wall Street, Jefferies Financial Group is expanding banking services for crypto clients, BlackRock Inc. is backing a stablecoin firm while Goldman Sachs Group Inc. is ramping up crypto trading. There's even a former bank executive who switched his LinkedIn profile—to an avatar.
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