BNY Mellon Joins 6 Major Banks in Backing New Bitcoin Exchange

The Bank of New York Mellon (BNY Mellon) announced Wednesday it will back the launch of a new London-based cryptocurrency exchange called Pure Digital, the first major bitcoin trading platform backed by a consortium of large banks.

The announcement is the latest to build excitement around the as-yet-unlaunched exchange, coming just months after State Street Corporation announced it would partner with Pure Digital and marking an aggressive shift in strategy for the traditionally conservative asset managers.

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