- More than half of the top 25 U.S. banks have started offering or announced plans for Bitcoin-related services.
- River shared a list and said “60% of the top US banks are into Bitcoin.”
- Coinbase CEO Brian Armstrong reported that many banking CEOs at Davos expressed pro-crypto views.
- Three of the U.S. Big Four—JPMorgan Chase, Wells Fargo, and Citigroup—are exploring or offering crypto services, together holding over $7.3 trillion in assets.
- Bank of America and several other large banks have not announced Bitcoin plans.
River posted Monday that more than half of the top 25 U.S. banks have either begun offering or announced plans to offer Bitcoin-related services such as trading or custody. The firm shared its list on X, stating “60% of the top US banks are into Bitcoin.” The activity reflects growing interest among institutions in U.S. financial centers.
Brian Armstrong, CEO of Coinbase, said after meetings at the Davos World Economic Forum that many banking chiefs are warming to crypto. In a post on X, he wrote that “most of them are actually very pro crypto and are leaning into it as an opportunity, some aren’t quite there yet. One CEO of a top 10 global bank told me crypto is their number one priority, and they view it as existential.”
The list includes three of the U.S. “Big Four.” JPMorgan Chase has said it is considering adding crypto trading, Wells Fargo offers institutional services such as Bitcoin-backed loans, and Citigroup is exploring custody for institutional clients. Combined, those three banks hold more than $7.3 trillion in assets, according to Forbes.
Swiss bank UBS, newly added to River’s list, is reportedly exploring Bitcoin and Ether trading for wealthy clients. Some large U.S. banks remain on the sidelines; Bank of America has not announced Bitcoin services, and other major lenders such as Capital One and Truist Bank have yet to reveal interest, per asset estimates from Forbes. Banks continue to express caution on other crypto areas, notably yield-bearing stablecoins.
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