Canada’s largest bank plans to launch a cryptocurrency trading platform.

The Royal Bank of Canada could soon launch a cryptocurrency trading platform. The bank has applied for four patents in Canada and the US related to the sale and purchase of crypto assets. However, the bank has not made any official statements about launching a crypto exchange.

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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.

The Canada is seeing a rise in the adoption of the cryptocurrency. Earlier, the Bank of Canada revealed that more than 5% of Canadians own the leading cryptocurrency, bitcoin.

 

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.

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Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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