Coinbase is working with advisers to six global systemically important banks to increase exposure to Bitcoin, according to a report cited by Bitcoin Magazine. The comment came from Coinbase’s chief business officer, who said the company sees the effort as a way to expand the market and give individuals more ways to access Bitcoin. The report did not name the banks involved.
The item also noted that global systemically important banks are designated by the Financial Stability Board. Those institutions are large banks considered important to the global financial system. The statement points to Coinbase’s outreach around Bitcoin-related access, while the available source material provides no additional detail on the structure, timeline, or scope of the work with the advisers.
Coinbase is working with advisers to six global systemically important banks to increase exposure to Bitcoin, according to Bitcoin Magazine.
Coinbase’s chief business officer said the company sees the effort as a way to expand the market and give individuals more ways to access Bitcoin.
The report added that global systemically important banks are designated by the Financial Stability Board and are large banks viewed as important to the global financial system.
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