Bank of America launches research coverage for digital assets

Bank of America Corp published its first research coverage focused on cryptocurrencies and other digital assets on Monday, joining other mainstream financial institutions as they strengthen their involvement with the asset class.The"digital asset universe is too large to ignore," the bank's new cryptocurrencies and digital assets team said in its report.

The team, appointed in July, is headed by insider Alkesh Shah, a former technology analyst, the bank said. Despite wild price swings, digital assets such as bitcoin have seen a broad institutional interest this year, with large Wall Street banks such as Goldman Sachs Group Inc having restarted https://www.reuters.com/article/us-crypto-currency-goldman-sachs-exclusi-idUSKCN2AT390 their crypto trading desk.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China Evergrande trading halt spurs asset sale speculationHONG KONG: Shares of distressed developer China Evergrande and its profitable property management unit were suspended from trade in Hong Kong on Monday (Oct 4), sparking speculation about a possible asset divestment at the cash-strapped company. Once China\u0027s top-selling developer, Evergrande is facing what Sell all china stock first, talk later. China companies are getting delisted from US stock exchange too due to audit.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »