Cryptocurrency News Today TheBitTimes.com

With the asset class growing in prominence throughout the year, traditional finance entities like Deutsche Bank and Standard Chartered are looking into expanding their US crypto operations. Indeed, both are exploring the potential growth of their offerings, according to sources. The US crypto market has gotten a major boost from the presence of increased favorable regulatory shifts in the country. The arrival of President Donald Trump has brought about the arrival of the first pro-crypto administration in United States history. Therefore, a slew of entities are actively exploring how to capitalize on that growth. JUST IN: Deutsche Bank and Standard Chartered Bank seek to expand crypto operations in the United States. — Watcher.Guru (@WatcherGuru) April 21, 2025 Also Read: Standard Chartered: Bitcoin Still has $500k Target for Trump’s 2nd Term Standard Chartered & Deutsche Bank Seeking Key Role in US Crypto Market The first several months of the year have been difficult for the US s...

Germany’s largest financial establishment Deutsche Bank confirmed in a recent report that BRICS has settled 28% of trade in cryptocurrencies. The new form of remittance comes at a time when the alliance is looking to end dependency on the US dollar. The bloc is finding several avenues to use all other forms of payments except the US dollar for cross-border transactions. Also Read: BRICS: 3 Countries & 1 Continent Make Bold Plans to Ditch US Dollar Deutsche Bank revealed in its report that the remittances in cryptocurrencies from BRICS members have surged by 147% in 2024. The development adds pressure on the US dollar as emerging economies are cutting ties with the world’s reserve currency. The move will strengthen local currencies making businesses thrive in emerging economies. Also Read: BRICS: De-Dollarization Is Unstoppable BRICS: 28% of Trade Settled Using Cryptocurrencies, Say Deutsche Bank Source: securityaffairs.com The trillion-dollar asset management firm, Vaneck’s ...