Stock Groups

Bank of America launches research coverage for digital assets By Reuters

by Mike Robinson

[ad_1]

© Reuters. On May 6, 2019, a Bank of America building can be seen in Los Angeles. REUTERS/Lucy Nicholson/Files

(Reuters] – Bank of America Corp. (NYSE:) has published the first of its research articles on cryptocurrencies, and other digital assets. The Bank of America Corp joined other financial institutions to increase their participation in this area.

Bloomberg News reported the move earlier but a BofA spokesperson confirmed it later.

In its report, the bank said that “digital asset universe” was too big to ignore.

Alkesh Shah (an insider who was formerly a technology analyst) will be the head of the team.

Even with wild price swings this year, bitcoin has seen wide institutional interest, thanks to large Wall Street banks like Goldman Sachs Group Inc (NYSE:) having restarted https://www.reuters.com/article/us-crypto-currency-goldman-sachs-exclusi-idUSKCN2AT390 their crypto trading desk.

Disclaimer Fusion MediaThis website does not provide accurate and current data. CFDs are stocks, futures, indexes or Forex. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. Because prices might not reflect the market, they may be incorrect. This means that prices cannot be considered indicative and are inappropriate for trading. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.



[ad_2]