From 24/7 Wall St. · Sam Daodu · · 1m 10s
Three in Four Crypto Owners Want Bank Custody
75% of U.S. crypto holders want banks to manage their digital assets, but few banks offer this service.
In brief
75% of U.S. crypto holders want banks to manage their digital assets, but few banks offer this service. 75% of U.S. crypto owners want their banks to hold crypto, but most banks don't provide this custody option. Originally reported by 24/7 Wall St..
Crypto Owners Prefer Bank Custody
75% of U.S. crypto holders want their banks to manage digital assets.
Schwab and Interactive Brokers Offer Crypto Custody
Charles Schwab and Interactive Brokers now let clients hold crypto alongside stocks.
Schwab's Crypto Plan
Schwab will add Solana, Avalanche, and Chainlink by year-end to its crypto platform.
Interactive Brokers' Staking Service
Interactive Brokers lets clients stake Ether through Zerohash for rewards.
Deutsche Bank's Crypto Plans
Deutsche Bank plans to launch crypto custody in Germany first, not the U.S.
Schwab's Fees and Withdrawal Limits
Schwab charges 0.75% per trade and caps withdrawals at $5,000 per transaction.
Insurance Gaps for Crypto
FDIC insurance doesn't cover crypto, and SIPC has gaps for staked assets.
Near-Retirees' Crypto Options
Near-retirees can use brokers, staking, or exchanges for crypto management.
The essence
75% of U.S. crypto owners want their banks to hold crypto, but most banks don't provide this custody option.
