BNY Mellon to offer crypto services in digital asset push

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Published by
Reuters

By Mehnaz Yasmin and Saeed Azhar (Reuters) -Bank of New York Mellon Corp is adding cryptocurrencies to assets that it holds as a custody manager, as it looks to attract a diverse set of investors and traders by tapping into the popularity of bitcoins and ethers. Trading in cryptocurrencies has skyrocketed worldwide, drawing many traditional institutions to an asset earlier shunned by Wall Street due to its wild swings and sharp regulatory scrutiny. Nasdaq Inc and BlackRock Inc have already rolled out custody platforms for their clients, as they look to gain a foothold in a market dominated by …

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