Strategy: Major Banks Have Only Achieved 32% Bitcoin Adoption
Strategy, the largest corporate holder of Bitcoin, has released a new index called the "Bitcoin Adoption Index by Banks," which evaluates the status of the 25 largest banks in the world regarding the integration of Bitcoin and related digital asset services. According to the first version of this index, banks have, on average, only completed 32% of the path toward institutional Bitcoin adoption. Strategy views this statistic as a sign of the rapid growth of Bitcoin adoption in the traditional financial system, although this trend is still in its early stages. To compile this report, 25 banks were assessed based on criteria such as asset volume and their position in the list of globally systemically important banks. Each bank's score was calculated in four main areas, including Bitcoin trading and custody services, investment products, Bitcoin-based lending services, and support from senior management. Fidelity achieved the highest score at 71%. Following that, Bank of New York Mellon scored 46%, and Goldman Sachs scored 45%. However, most banks are still hesitant to offer Bitcoin-based loans. The differing approaches of countries toward digital assets significantly impact the level of Bitcoin adoption. Banks like Sumitomo Mitsui Financial Group in Japan have only scored 13%, while European banks have generally performed better on average.
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