Bank of America (BoA) one of the largest banks in the United States, is now allowing clients to trade Bitcoin futures. This is one of the first institutions in the United States to make it possible for investors to get access to Bitcoin futures trading. The information was released by CoinDesk, which had access to people with knowledge on the matter.
Bank of America Starts Offering Bitcoin Futures Trading
Large clients and investors will now be able to trade Bitcoin futures and get access to the cryptocurrency market through Bank of America. Selected clients will have the possibility to engage in crypto trading activities. This comes after several years of a conservative approach from the financial institution.
It is also worth mentioning that this is just one of the latest banks and financial companies that have decided to offer cryptocurrency trading futures to users. In the past, other firms released different trading products, including futures trading for Bitcoin. Goldman Sachs is one of these institutions offering crypto-related solutions.
The decision comes at a moment in the cryptocurrency market where Bitcoin trading volumes have fallen to the lowest level in months and where its price is now close to $31,000 after reaching an all-time high of $63,000 earlier this year.
Although the new trading services could be useful for investors, it might not be a moment of massive interest for users to trade Bitcoin futures. Despite that, it is certainly a very positive thing for the cryptocurrency market. The second-largest investment bank in the United States is now allowing selected clients to trade in Bitcoin futures.
This is definitely bullish for the entire industry that will now have a new way to get access to the cryptocurrency market through futures. This comes after Morgan Stanley decided to offer access to BTC to investors. As reported by CoinDesk, some Bank of America clients are already using the new trading services while others are starting to set their accounts up.
Companies and financial institutions from all around the world are adapting to the new requests they have from investors and clients. The cryptocurrency market has been growing at very fast rates and they were able to reach massively high volume levels months ago. Bitcoin and many other cryptocurrencies attracted the attention of several investors that would now like to get access to Bitcoin and crypto trading solutions.