Banks offer crypto clearing but, shhh, don’t tell

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The first rule of crypto club is you do not talk about crypto club.

Banks are tiptoeing into the unpredictable and unregulated world of crypto, and they don’t want you to know about it. Clearing and trading services are invite-only for select clientele, with banks wary of offering their wares to a wider customer base.

A list of clearing firms that offer cryptocurrency derivatives services appears on CME Group’s website – yet only one bank, Macquarie, is featured. Conversations with dozens of

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