Large clients and investors will now be able to trade Bitcoin futures and get access to the cryptocurrency market through Bank of America. Selected clients will have the possibility to engage in crypto trading activities. This comes after several years of a conservative approach from the financial institution.
It is also worth mentioning that this is just one of the latest banks and financial companies that have decided to offer cryptocurrency trading futures to users. In the past, other firms released different trading products, including futures trading for Bitcoin. Goldman Sachs is one of these institutions offering crypto-related solutions.
The decision comes at a moment in the cryptocurrency market where Bitcoin trading volumes have fallen to the lowest level in months and where its price is now close to $31,000 after reaching an all-time high of $63,000 earlier this year.