Over 600 US banks will soon be able to offer crypto directly to customers. The news is the result of a deal between digital asset management firm NYDIG and the National Credit Regulator (NCR), which will enable community banks and credit unions to offer their clients crypto trading through their banking apps.
According to NCR’s president of digital banking, Douglas Brown, this move is in response to a growing demand for access to crypto.
"Banking today is a daily or a couple-of-times-a-day activity for people, which is what we typically see. Crypto gets to an hourly or sub-hourly level of deepening engagement," he said.