RATE Group | Royal Bank of Canada set to launch a cryptocurrency trading platform
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Royal Bank of Canada set to launch a cryptocurrency trading platform

14 Nov Royal Bank of Canada set to launch a cryptocurrency trading platform

Posted at 11:43h in Cryptocurrency News by

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  • The bank‘s customers will be able to trade in cryptocurrencies, including Bitcoin and Ethereum.
  • The bank had previously used blockchain technology for identity verification of its clients.

Canada’s largest bank, the Royal Bank of Canada (RBC), will likely deploy a cryptocurrency trading platform bearing many use-cases for its customers. Users will be able to buy and sell digital assets, including cryptocurrencies like Bitcoin (BTC) and Ether (ETH). Besides, customers can use their currencies for in-store or online purchases.  

Back in 2018, the bank had blocked cryptocurrency acquisition through its accounts. However, the bank is currently allowing customers to open bank accounts containing cryptocurrency. RBC will become the first traditional bank in Canada to launch a cryptocurrency trading platform as well as provide digital asset accounts. RBC had recently filed for four patents in Canada and the US. The bank wanted to check whether it can integrate…

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