Canada’s largest bank, with over $965 billion in total assets, could soon launch a cryptocurrency trading platform. As per TheLogic report, the Royal Bank of Canada applied for four patents in Canada and the US related to the investment of crypto assets.
The part of the official document reads, to individual users, managing cryptographic keys and transacting with different cryptographic assets can be a challenge. It also added that in some cases, crypto-asset transactions might take time to be confirmed, and/or may not be compatible or supported by merchant systems or point-of-sale devices. This document hints that the RBC might soon launch a cryptocurrency trading platform.
RBC could soon offer Crypto Accounts
The report also mentioned that the bank could offer its customers cryptocurrency accounts as the bank has published more than 27-blockchain-related patents in the past three years. These include loan offerings, credit scores, vehicle records, and digital rewards.
Day Trading Cryptocurrency: A Gamble or a secure way to earn daily profits?
Day trading cryptocurrency can look very intriguing. The main objective in day trading cryptocurrency is to buy low and sell high. This is in total contrast to the HODL strategy, in which an investor keeps his funds for a long time in the hope of earning massive profits. The exchange you chose to day trade can play a very significant role in your success. Exchanges like Binance and Kraken are considered best for day trading as they provide high liquidity.