RATE Group | Royal Bank of Canada Patents Point to Crypto Exchange Launch
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Royal Bank of Canada Patents Point to Crypto Exchange Launch

16 Nov Royal Bank of Canada Patents Point to Crypto Exchange Launch

Posted at 01:22h in Bitcoin News by

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Royal Bank of Canada Patents Point to Crypto Exchange Launch

The largest bank in Canada by market capitalization, Royal Bank of Canada (RBC), is reportedly opening a cryptocurrency exchange. Patents have been discovered that reveal some of the technology the RBC may implement, which could be used to bring digital currency trading to the bank’s 16 million clients.

Also read: Bankers Start to Recognize Bitcoin’s Role in Financial Evolution

The Royal Bank of Canada May Launch a Crypto Exchange

A report stemming from the publication The Logic claims that the RBC is currently exploring the construction of a digital currency trading platform. Columnist Zane Schwartz wrote on November 11 that the bank will give customers the ability to invest and trade cryptocurrencies like BTC and ETH. The report reveals RBC is interested in creating funds with a basket of digital currencies as well. “The bank is also looking into letting customers open bank accounts containing cryptocurrency,” Schwartz wrote. If the crypto…

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