Bitcoin surges to all-time high after Bank of NY Mellon embraces cryptocurrencies

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Bitcoin surges to all-time high after Bank of NY Mellon embraces cryptocurrenciesThe new unit at BNY Mellon, called the Digital Assets unit, is expected to roll out the offerings later this year, the bank said

Reuters

Last Updated 11 February 2021, 20:09 IST

Representative image/Credit: Reuters Photo

Bitcoin on Thursday jumped over 8% to an all-time high of $48,481 after Bank of NY Mellon said it had formed a new unit to help clients hold, transfer and issue digital assets.

The new unit at BNY Mellon, called the Digital Assets unit, is expected to roll out the offerings later this year, the bank said.

Bitcoin was last up 5.7% at $47,387.

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(Published 11 February 2021, 20:03 IST)

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