Major banks running stablecoin, crypto-trading pilots with Coinbase, Armstrong says
Overview
At the DealBook Summit, significant discussions surrounding the role of Bitcoin and the collaboration between major banks and cryptocurrency platforms took place. BlackRock CEO Larry Fink recognized the utility of Bitcoin, while Coinbase CEO Brian Armstrong revealed that the exchange is engaged in pilot programs with major US banks.
What Happened
During the DealBook Summit, Larry Fink, the CEO of BlackRock, made a noteworthy acknowledgment regarding Bitcoin, highlighting its utility in the financial landscape. This recognition from a prominent figure in the financial industry underscores a growing acceptance of cryptocurrency.
In conjunction with this acknowledgment, Brian Armstrong, the CEO of Coinbase, shared that the exchange is currently conducting pilot programs with major US banks. This initiative suggests a significant step towards integrating cryptocurrency services within traditional banking systems.
Impact on the crypto market
- Increased recognition of Bitcoin’s utility may enhance its legitimacy among traditional investors.
- Pilot programs with major US banks could pave the way for broader adoption of cryptocurrency services.
- Collaboration between banks and cryptocurrency exchanges may lead to more innovative financial products.
- The acknowledgment from influential financial leaders may influence market sentiment positively.
- These developments could signal a shift in regulatory perspectives on cryptocurrency within the banking sector.
Updated: 12/4/2025, 3:30:16 PM
