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Cecabank Jumps on Crypto Bandwagon—Partners with Exchange to Offer Trading & Custody for Banks
Cecabank Jumps on Crypto Bandwagon—Partners with Exchange to Offer Trading & Custody for Banks
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Another traditional bank caves to the inevitable. Spain’s Cecabank just inked a deal with a crypto exchange—because apparently even bankers now realize sitting on the sidelines means missing the biggest wealth transfer since the invention of fiat.
Here’s the play: They’re rolling out white-labeled trading and custody services for other banks. Because nothing says ’trust us with your digital assets’ like a legacy institution that still uses fax machines.
Watch for more dominoes to fall as the old guard scrambles to stay relevant. The irony? They’ll probably charge 2% management fees for ’secure storage’ of Bitcoin that was designed to cut them out entirely.
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