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Why BNY Mellon is piling into crypto

The move marks an important milestone for traditional banks and their growing acceptance of digital assets as a legitimate market and a source of new business

Bank of New York Mellon is now open for crypto business.

The nation’s oldest bank said on 11 October it would begin receiving clients’ cryptocurrencies, becoming the first large US bank to safeguard digital assets alongside traditional investments on the same platform.

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