Flushing it: $8B New York commercial bank to offer Bitcoin services
“As part of our ongoing digital transformation, we recognize the importance of staying current with emerging market trends,” said Flushing Financial Corporation CEO and president John R. Buran. Flushing Financial Corporation, the parent company behind New York-based Flushing Bank has partnered with crypto firm New York Digital Investment Group (NYDIG) to offer Bitcoin (BTC) services to its customers. The bank was founded in 1929 and according to its Q4 report it held more than $8 billion worth of assets at the end of 2021, with a net income of around $200 million.According to an....
Related News
Flushing Bank customers will be able to buy, sell, and hold bitcoin starting in Q1 2022.
A major commercial bank in South Korea is entering the crypto business by allocating an equity investment in the Korea Digital Asset Trust (KDAC). Shinhan Bank is looking to offer digital asset custody services. Bank Expects to Offer Tech Capabilities to Face Defi-Related Hacking Risks According to inews24, the bank announced the investment in the KDAC, a joint-venture custody company founded by a local crypto exchange, Korbit, blockchain firm Blocko and crypto researcher Fair Square Lab. The Shinhan Bank spokesperson stated that their upcoming crypto-related services are suitable for an....
Star Financial Bank (Star Bank) says it has become the first bank in the U.S. state of Indiana to offer bitcoin services to customers. The services will be offered through the New York Digital Investment Group and Alkami platform. Customers will have the ability to buy and sell bitcoin via the Star Mobile Banking App.
‘First Bank in the State of Indiana to Offer Bitcoin Trading Services’
Star Financial Bank (Star Bank) announced Tuesday:
Star is excited to offer customers the ability to buy and sell bitcoin via the Star Mobile Banking App.
....
On April 27, the American bank holding company U.S. Bank revealed in a blog post that the financial institution plans to offer cryptocurrency custody services. The bank’s chief strategy officer for U.S. Bank Global Fund Services, Christine Waldron, says she is proud of her company’s steps toward blockchain and cryptocurrency practices. US Bank to Offer Cryptocurrency Services Pending Compliance Approval During the first week of January 2021, The Office of the Comptroller of the Currency (OCC) revealed that national banks and savings associations in the U.S. could deal with....
Benjamin M Lawsky has rubbished the reports of him offering consultations on New York's Bitcoin regulatory framework, the BitLicense. The comments arrived during Lawsky's first public appearance since his resignation as the superintendent of New York Department of Financial Services (NDFS). The tough-nut financial watchdog was being interviewed by the American Banker editor-in-chief Marc Hochstein, where he faced a series of controversial questions concerning his new consultation firm. The interviewer had asked Lawsky whether he had any conflict-of-interest in monitoring and issuing....