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BBVA Switzerland becomes first traditional bank in Europe to offer ETH to clients
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Ethereum, the largest altcoin has a massive ecosystem of decentralized finance use cases with rapidly growing adoption. More institutional investors are seeing ether as a store of value. As per a Coinbase’s report, a growing number of its institutional clients have taken positions in ether, the native currency of the Ethereum network, for its strong returns. Surprisingly, these clients predominantly bought bitcoin in 2020.
The grip centralized finance companies have on the world’s population is waning. Ethereum – the largest platform for decentralized finance – is now worth more than every bank except JP Morgan Chase. Consider the table below – it provides the sheer growth of ETH and its ecosystem.
Source: Pantera Capital
Although, here’s
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