US bank reveals $170M in crypto holdings: Q2 earnings report

The U.S. bank began offering crypto services to its clients in September 2019 in collaboration with the Coinbase crypto exchange. It wasnt a bank when it first began offering crypto services and only acquired the license in February 2022, making it one of the few full banks to offer crypto services.Sofi Banks crypto offering however has not gone down well with the Federal Reserve and lawmakers. The U.S. legislators hurried to consist of the damage and save clients funds however certainly put a damage in such collaborations for the future as regulators blamed crypto for the banks collapse.Magazine: Deposit danger: What do crypto exchanges actually do with your cash?