OKLink Research Institute: More than 40% of banks exploring cryptocurrency businesses have already launched or will launch cryptocurrency asset custody services, making partnerships with third parties mainstream

ChainCatcher news, according to data from the OKLink Research Institute, over 40% of global banks participating in the exploration of the cryptocurrency market have already launched or plan to launch cryptocurrency asset custody services. Traditional banks have an advantage in gaining the trust of institutional investors in the cryptocurrency asset custody market due to their extensive experience in protecting and storing other assets. However, around 70% of banks will choose to collaborate with crypto-native custody companies or other third parties when developing cryptocurrency custody services.

In addition, the OKLink Research Institute also pointed out that establishing a brand new internal business department to lead cryptocurrency business innovation is not applicable for most banks; collaborating with cryptocurrency companies and technology service providers to expand business and acquire users will become the norm.