Bank of America Establishes Crypto Research Division Image

[AWASIOR]

Bank of America, the second-largest bank in the US is reportedly creating a new team devoted to crypto research. This comes after the bank joined the Paxos Settlement Service in May, a service that allows customers to use blockchain tech to settle stock trades.

''Cryptocurrencies and digital assets constitute one of the fastest growing emerging technology ecosystems,'' said Candace Browning, Bank of America's head of global research. ''We are uniquely positioned to provide thought leadership due to our strong industry research analysis, market-leading global payments platform and our blockchain expertise.''