Metropolitan Commercial Bank handling millions from crypto companies

The Metropolitan Commercial Bank of New York is receiving high profits from the services and products it supplies to the crypto companies. Analysts say that it is an unprecedented situation.

Despite the current regulations on digital currencies and related transactions in the United States and the rest of the countries that lead the crypto universe, the US bank scales positions in the financial market.

According to Nick Rosenberg, director of the Technology Department, they have a great desire to grow vertically. They recognize that the universe of cryptocurrencies involves talented people with innovative ideas that will help them to position themselves successfully in the market.

While other banks stop at the regulations of cryptocurrencies and the use of blockchain technology, the Metropolitan Commercial Bank opens up to crypto companies, offering them innovative products and services such as exchange platforms or hedge funds for operations.

The bank representatives have recognized the risks involved in negotiations with crypto companies. They point out that they must take extra care not only with their clients but also with their clients’ portfolio. That is why they have established a monitoring chain to avoid crimes such as money laundering or scams.

M.Pino

Source: Diario Bitcoin

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