ABA-How a Community Bank Launched a Retail Crypto Platform.

ENPNewswire-September 9, 2021--ABA-How a Community Bank Launched a Retail Crypto Platform

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Release date- 08092021 - Banks of all sizes are hearing from many customers that they want exposure to the fast-growing but volatile cryptocurrency market.

Vast Bank - a community institution in Tulsa, Oklahoma - recently became the first nationally chartered, FDIC-insured bank to offer crypto banking, a product that allows customers to buy, sell and hold virtual currencies through the bank's user interface. On the season four premiere of the ABA Banking Journal Podcast - sponsored by S&P Global Market Intelligence - President and CEO Brad Scrivner discusses:

The mechanism of crypto banking at Vast Bank, including its partnership with Coinbase.

The behind-the-scenes process that allows Vast Bank to securely custody crypto assets.

The process of working with regulators on the product, particularly after an OCC interpretive letter on digital asset custody.

Why many crypto early adopters have sought out a bank to support their coin trading and holding.

How crypto banking grew out...

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