According to the last data published by Glassnode, one of the leading crypto research and analysis firms, the number of wallet addresses holding a minimum of 0.1 BTC broke a record with 3,129,868. Also, the number of wallets held BTC, even the lowest amount, broke a new record with 30,435,872.
The increase in the number of addresses is crucial in terms of new actors that entering the market and increasing reputation.
Julius Baer, which is among the top five Swiss banks, boosted its profit by 34% in the first half of 2020, when it began offering its customers digital assets such as net Bitcoin. Julius Baer Group, the giant Swiss bank that manages $ 427 billion in assets, announced its profit in the last two quarters at $ 524 million.
The increase coincides with the bank offering retention services for digital assets such as Bitcoin (BTC) in January. It is tough that Julius Baer may have benefited from the rise of Bitcoin March to May for adding support to digital assets in January. March to May, Bitcoin thus regained the value it lost during the pandemic period.
In the U.S., the Currency Control Office (OCC) has empowered banks to offer cryptocurrency storage. With this decision, it is stated that banks can store cryptocurrency access keys belonging to customers on their behalf.
"The OCC recognizes that as financial markets become more and more technological, there will be an increasing need for banks and other service providers to take advantage of new technologies and innovative ways to deliver traditional services on behalf of their customers," the OCC said
"We need to ensure that banks can meet all of their customers' financial service needs today," said OCC President Brian Brooks.