Just-In: America’s Second Largest Bank Opens Bitcoin Futures Trading

Published by
Just-In: America’s Second Largest Bank Opens Bitcoin Futures Trading

The second-largest bank in the US, Bank of America, is reportedly allowing its clients to invest in the Bitcoin Futures market. A recent report from Coindesk suggests that many investors are setting up their Bitcoin futures trading account while a couple might have gone live already.

The US banking giant had also announced a crypto research group that would be tasked to look into various crypto settlement technologies. The banking giant is warming up to the digital asset market after maintaining a regressive stance for a long period of time. Earlier in 2018, the Bank of America had blocked its clients and financial advisors from investing in crypto.

Another source familiar with the matter suggested that the bank would make use of CME Futures for their clients. CME is one of the leading Bitcoin derivative markets for institutional traders and is considered to be the leading Bitcoin Futures market.

Advertisement

American Financial Institutions Continue to Embrace Bitcoin

Many American banking giants have changed their tune on Bitcoin this bull season as it started attracting wealthy institutional clients this bull season. Many former critics including the likes of JP Morgan and Goldman Sachs have started offering Bitcoin investment products amid growing clients demand.

JP Morgan still doesn’t see a great future in Bitcoin, but the astounding demand for the top cryptocurrency forced them to offer it to their clients. Similarly, Goldman Sachs didn’t consider Bitcoin as an asset class but put it at the top of their Best performing assets list this year, They have also reopened their cryptocurrency desk amid growing clients’ demand.

The demand for the top cryptocurrency hasn’t deteriorated even when the price has fallen by half. The growing interest of institutions could also lead the way for better regulations around the crypto market. Earlier institutional and wealthy clients stayed away from the crypto market many deeming it a bubble, calling it too volatile of an asset to invest in. However, this bull season has changed that factor and now institutions are rushing to add Bitcoin and crypto to their portfolios,

Share
Prashant Jha

An engineering graduate, Prashant focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Bitcoin News

Bitcoin Treasuries Add Nearly $1B BTC This Week as Holdings Cross 1M BTC

This week, corporate Bitcoin treasuries exceeded 1 million BTC in total holdings. From September 1…

September 7, 2025
  • Bitcoin News

Peter Schiff Criticizes Bitcoin’s Performance Following Gold’s Rally To New ATH

Popular gold advocate Peter Schiff has criticized Bitcoin’s weakness against gold, calling it near bear…

September 7, 2025
  • Bitcoin News

Arkham Uncovers $5 Billion in Untouched Bitcoin From Germany’s Movie2K Seizure

Arkham Intelligence has identified 45,000 Bitcoin (BTC), valued at nearly $5 billion, that remains untouched…

September 7, 2025
  • 24/7 Cryptocurrency News

Ethereum Spot ETFs Record $447 Million in Outflows Amid Crypto Market Decline

Ethereum ETFs faced a sharp investor pullback this week, shedding nearly half a billion dollars…

September 6, 2025
  • 24/7 Cryptocurrency News

World Liberty Financial Discloses Reason for Blacklisting 272 Wallets

World Liberty Financial (WLFI) has confirmed that it blacklisted 272 wallets and explained why it…

September 6, 2025
  • 24/7 Cryptocurrency News

September 50 BPS Fed Rate Cut Odds Climb Ahead of CPI, PPI Data

Traders are beginning to price in the possibility of a 50 basis points (bps) Fed…

September 6, 2025