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Banks' Spot Crypto Holdings Continue to Collapse as Firms Move to ETPs

Summary by Coin Desk
Banks across the globe held a total of 341.5 billion euros ($368.3 billion) in crypto assets under custody in the second quarter of 2024 but spot crypto assets now make up less than 3% of banks' holdings — down significantly from a few years ago, data by standard setter Basel Committee on Banking Supervision (BCBS) showed on Wednesday.BCBS, which focuses on setting measures to ensure the stability of banks, gathered voluntary and confidential su…
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Banks' Spot Crypto Holdings Continue to Collapse as Firms Move to ETPs

Banks across the globe held a total of 341.5 billion euros ($368.3 billion) in crypto assets under custody in the second quarter of 2024 but spot crypto assets now make up less than 3% of banks' holdings — down significantly from a few years ago, data by standard setter Basel Committee on Banking Supervision (BCBS) showed on Wednesday.BCBS, which focuses on setting measures to ensure the stability of banks, gathered voluntary and confidential su…

·Manila, Philippines
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Ledger InsightsLedger Insights

Basel banking stats highlight crypto crackdown on US banks - Ledger Insights - blockchain for enterprise

The Basel Committee on Banking Supervision has published Basel III monitoring statistics for June 2024, including digital asset exposures. Statistics for US banks showed massive swings from previous periods. Although US banks continue to hold very few cryptocurrencies on their balance sheet, in late 2023 they provided significant services to clients to the tune of […] The post Basel banking stats highlight crypto crackdown on US banks appeared f…

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Ledger Insights broke the news in on Wednesday, March 26, 2025.
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