Significant clients and investors will now be able to trade Bitcoin futures and access the crypto market through Bank of America. In addition, selected clients will have the opportunity to participate in cryptocurrency trading. This came after several years of a conservative approach on the part of the financial institution.
This is just one of the latest banks and financial companies to offer crypto trading futures to users. In the past, other companies have released various trading products, including Bitcoin futures trading. Goldman Sachs is one such institution offering crypto solutions.
The decision comes at a moment in the cryptocurrency market where Bitcoin trading volumes have fallen to the lowest level in months and where its price is now close to $31,000 after reaching an all-time high of $63,000 earlier this year.
Although the new trading services could be useful for investors, it might not be a moment of massive interest for users to trade Bitcoin futures. Despite that, it is certainly a very positive thing for the cryptocurrency market. The second-largest investment bank in the United States is now allowing selected clients to trade in Bitcoin futures.
