Several traditional financial companies have begun accepting or supporting Bitcoin payments and trading services, marking a significant shift in mainstream adoption of cryptocurrencies.
Major Players Embracing Crypto Services
Public.com Expands into Cryptocurrency Trading
- Announcement Date: October 8
- Services: Will support trading for 10 cryptocurrencies including Bitcoin
- Partnership: Backend operations managed by Apex Crypto
- Restriction: New York users excluded temporarily due to licensing
Movii Secures Funding for Bitcoin Integration
- Investment: $15M Series B led by Square and Hard Yaka
- Initiative: Pilot program with Colombian government to connect crypto exchanges with banking services
- Regulation: Fully licensed payment institution in Colombia
Platform Integrations Accelerate Adoption
| Platform | Crypto Feature | Availability |
|---|---|---|
| Twitter Tips | Bitcoin address option for payments | iOS users worldwide |
| Car For Coin | Crypto/USD payments for luxury vehicles | Global marketplace |
Banking Sector Developments
U.S. Bank (5th largest retail bank) now offers:
- Crypto custody services for fund managers
- Initial support for Bitcoin, Bitcoin Cash, Litecoin
- Future plans to include Ethereum
👉 Explore crypto-friendly banking solutions
Latin American Market Growth
Kripton Market expansion highlights:
- 150+ Salvadoran shops integrated
- Partnership with Procom bringing Bitcoin tools to mainstream POS systems
- Expected rollout to 564 additional merchants
Why This Matters
- Mainstream Validation: Institutional participation signals growing trust
- Market Liquidity: Fiat-crypto gateways improve accessibility
- Regulatory Progress: Licensed services bridge traditional and crypto finance
FAQ
Q: Can New York residents trade crypto on Public.com?
A: Not currently—awaiting BitLicense approval.
Q: What cryptocurrencies does U.S. Bank custody support?
A: Bitcoin, BCH, LTC initially; ETH planned later.
Q: How does Car For Coin handle crypto price volatility?