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HSBC has no plans to get into crypto, boss Noel Quinn says

Volatility and lack of transparency is holding bitcoin back, Quinn said

Noel Quinn, chief executive officer of HSBC, says the lender has no plans to offer cryptocurrency services
Noel Quinn, chief executive officer of HSBC, says the lender has no plans to offer cryptocurrency services Photo: Bloomberg via Getty Images

HSBC is staying away from the cryptocurrency trading game, despite a number of its rivals planning to enter the space.

The bank’s chief executive Noel Quinn said it has no plans to launch a cryptocurrency trading desk or offer exposure to digital assets to its clients, due to the extreme price volatility and lack of transparency they offer.

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