Cryptocurrency Q&A
Is BNP Paribas a major crypto custodian?
Is BNP Paribas a major crypto custodian?
DondaejiDelightful
Fri Jul 12 2024
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6 answers
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As a financial industry watcher, I'm curious to understand the role BNP Paribas plays in the cryptocurrency landscape. Could you elaborate on whether BNP Paribas is considered a major crypto custodian? If so, what are the key factors that contribute to their status as a significant player in this field? Furthermore, how do they compare to other major crypto custodians in terms of their services, security measures, and overall market presence? I'm interested in gaining a deeper understanding of BNP Paribas' involvement in the crypto custody space.
6 answers
ZenHarmony
Sun Jul 14 2024
As the financial industry continues to evolve, major banks are increasingly considering crypto custody as a potential service offering.
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mia_rose_painter
Sun Jul 14 2024
Among these banks, BNP Paribas Securities Services stands out as a significant player due to its position as a leading global custodian with vast assets under management.
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Tommaso
Sun Jul 14 2024
With almost $13 trillion in assets under custody, BNP Paribas' decision to enter the crypto custody space is particularly noteworthy.
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PulseRider
Sun Jul 14 2024
However, the bank has remained tight-lipped on the matter, declining to comment on the specifics of its crypto custody plans.
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Valentino
Sat Jul 13 2024
This lack of transparency has left many in the industry wondering about the bank's motivations and strategy for this move.
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