Leading banking institutions in traditional finance (TradFi) are reportedly partnering with US-based cryptocurrency exchange Coinbase (COIN) to explore pilots related to stablecoins, custody solutions, and trading options.

Coinbase CEO Brian Armstrong announced this during his appearance at the New York Times Dealbook Summit on Wednesday, as reported by Bloomberg.

Coinbase CEO Cautions Banks On Crypto Resistance

Armstrong emphasized that leading financial institutions recognize this as an opportunity for growth. “The best banks are leaning into this as an opportunity,” he stated, although he refrained from naming any specific banks involved in these initiatives.

During his speech, the executive also voiced his concerns about institutions that resist participating in the digital a

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