Capital Union, a Bahamas-based bank that reportedly holds a portion of reserves by the Tether (USDT) stablecoin issuer, has been itself actively involved in the cryptocurrency industry.
The banking institution has rolled out crypto trading and custody services to its professional clients as part of the bank's trading desk, a spokesperson for Capital Union told Cointelegraph on May 31.
“We work with a few selected trading venues and liquidity providers and a handful of custodians and technology providers, which allows us to support a large variety of digital assets as part of our trading and custody services,” the firm's representative said.
Capital Union’s crypto-related services still represent a “fairly small portion” of its business, which is mainly focused on providing traditional wealth management and investment services, the representative noted.
The spokesperson did not elaborate either on what cryptocurrencies exactly are supported on the Capital Union’s platform or when...
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