American Bank, one of America’s largest banks, has partnered with Bakkt, a leading crypto trading platform, to offer its customers cryptocurrency trading. The partnership will give the bank’s clients the ability to buy, sell and hold the two largest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH).
American Bank to offer customers to trade Bitcoin and ETH
To enable this as interest in crypto grows steadily, the bank is launching Bakkt, a service expected to launch in the second quarter of 2022. will use the crypto connection solution. Sheela Zemlin, Head of Revenue at Bakkt, explained:
Consumer savings and investment habits are constantly going up and down, but we’re seeing interest in cryptocurrency growing more than ever, with American Bank providing customers with access to cryptocurrency in their trusted environment. We are excited to partner with Bakkt for
American Bank President and CEO Mark Jaindl said:
One of the pioneers of online banking innovation and the longest operating ‘online bank’ in the country. As we are always looking for ways to improve our customers’ banking experience, Bakkt’s robust capabilities provide an entry point for us to increase engagement.
Customers like to access crypto from their existing bank
As we have covered on Kriptokoin.com news, there has been a general interest in cryptocurrencies lately and research shows that customers like to access digital assets from their existing banks. According to Sheela Zemlin, this is why American Bank is so excited to offer its clients the option to trade the two largest cryptocurrencies by market cap, Bitcoin and Ethereum.
Specifically, the bank has historically worked to ensure that its customers spread across 50 states offer the best crypto offerings. Sheela Zemlin states that Bakkt’s platform, which includes educational materials, is seen as the best option to achieve this goal and will provide its customers with access to crypto at the lowest possible cost.
Bakkt is a digital asset platform that is considered reliable in the crypto space. According to Sheela Zemlin, the company is striving for wider adoption of cryptocurrencies, primarily Bitcoin, by adding value to all stakeholders in the payments and digital asset ecosystem.
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