US Bancorp revives institutional bitcoin custody service
1. USB is restarting its bitcoin custody service after over three years. 2. This move is influenced by a pro-crypto stance from the Trump administration.
FAQ
Why Bullish?
Restarting a bitcoin custody service may attract new business and increase revenues for USB, similar to previous bullish trends observed in banks with crypto services.
How important is it?
The article highlights USB's strategic shift towards digital assets, which may significantly impact business strategy and investor sentiment.
Why Short Term?
The immediate interest in digital assets may boost USB’s stock in the near future, reflecting trends seen with earlier crypto-related initiatives.