When it comes to larger banks, it could be argued that Santander's and Barclays' decisions to drop Coinbase are only the latest piece of evidence to suggest that things aren't getting better-and in fact, that they may be getting even more difficult.
Treasury Secretary Steven Mnuchin said the department will police bitcoin and other cryptocurrencies with "very, very strong" regulations so that they don't become cloaked in secrecy.
Bitcoin is mounting an uncanny resurgence from the depths of a virtual winter for the cryptocurrency market, with bullish, long-term investors extolling the virtues of digital assets as the opportunity of a lifetime.
Cryptocurrency hedge funds managed three times more in investments in the first quarter of this year than in early 2018, a report showed.
The company already has secured 10 institutional clients, mostly over-the-counter trading desks, plus several hedge funds, crypto businesses and market makers.