In recent months, we have paid attention to reports that major financial companies such as Morgan Stanley, Goldman Sachs, and JPMorgan are planning to launch special products related to Bitcoin cryptocurrency. We are closely monitoring this development and offer universal solutions for both institutional and mass market segments.

NYDIG President Yan Zhao noted that these digital coin access solutions are aimed at major players. She also pointed out that many people today do not have the opportunity to allocate assets in ways available to institutions. This is an important point that we strive to change by providing our clients with the best conditions and access to cryptocurrencies.

Rob Lee, Head of Digital Banking at FIS, suggests that banking giants face the risk of pressure from retail users. This could occur after smaller organizations launch services related to Bitcoin, such as cryptocurrency ATM networks. We understand these risks and are actively working to offer competitive and attractive solutions for all categories of users.

Yan Zhao, President of NYDIG, explained the growing interest of financial institutions in such services quite clearly. Banks notice that many of their clients are making large transfers of funds from bank accounts to platforms like Coinbase and Kraken, which allow for cryptocurrency trading. At Cryptonica, we also see this trend and are actively collaborating with fintech companies to offer convenient and effective solutions for banks.

Banking data can indeed help accelerate the process, and the cost of fees could drop below the average market rates. We are confident that such measures can make our offerings even more attractive to users.