State Street starts working with cryptocurrencies

One of the oldest financial companies in the United States, State Street Corporation, has announced the launch of a new specializeda digital finance unit that will focus on cryptoassets, blockchain and tokenization.

The new division, dubbed State Street Digital, will support crypto assets. The company also plans to expand its current digital finance capabilities.

State Street is one of the largest financialcompanies all over the world. She owns more than $ 40.3 trillion in assets and also manages $ 3.6 trillion in assets. The organization has approximately 39,000 employees worldwide.

"The financial industry is moving into the digital economy, so we see digital assets as one of the most significant forces that will impacton our industry over the next five years.

Digital (crypto) assets are rapidly integrating into the existing financial services framework, and it is critical that we have the tools to provide our clients with solutions for both their traditional investment needs and their growing digital needs."State Street Corporation CEO Ron O'Hanley said.

Since the beginning of 2021, the introduction of cryptocurrencyassets increased rapidly. Financial services companies including Goldman Sachs, JPMorgan and Morgan Stanely have begun offering such services to high net worth clients. What's more, in a research note published in April 2021, JPMorgan strategists predict Bitcoin with a long-term price target of $ 130,000.

With the launch of a dedicated digital finance unit, State Street plans to take advantage of the growing interest in the cryptocurrency market:

"The goal is to turn our platform into a platform to support crypto assets.Our goal will also be to support our peer-to-peer efforts by creating new liquidity venues for our customers and investors around the world."

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Bybit	https://bybit.com	7.5
3	OKEx	https://okex.com	7.1
4	Exmo	https://exmo.me	6.9
5	Huobi	https://huobi.com	6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• Platform Features– availability of additional features — futures, options, staking, etc.
• final grade– the average number of points for all indicators determines the place in the ranking.

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