Fourth-Largest Bank in the US Pumps $5 Million Into Bitcoin and Crypto Risk Management Firm

Fourth-Largest Bank in the US Pumps $5 Million Into Bitcoin and Crypto Risk Management Firm | The Daily Hodl

Traditional banks are moving further away from a zero-tolerance stance on Bitcoin (BTC) and cryptocurrency. As bankers around the world investigate the rise of crypto, assessing how to interface with innovators and how to gain exposure to crypto, Wells Fargo, the fourth-largest bank in the United States with $503 billion in assets under management, has announced support for Elliptic, a leading provider of crypto asset risk management solutions for financial institutions.