Popular investment bank Cowen, which offers its services to US users, yesterday announced the launch of a special division focused on digital assets.
The financial institution said in a statement the innovations will allow it to expand the range of services provided, thereby attracting many new customers from the cryptocurrency industry.
The bank started to be interested in virtual currencies back in May 2021, when it entered into a partnership with the Standard Custody and Trust Company. Then, the financial institution planned to start providing services for the storage of cryptocurrencies.
Now, Cowen Bank has not only expanded its range of services, but it has also created an entire division with a large number of experts and analysts.
Cowen Digital, the new division of Cowen, will carry out transactions with “Bitcoin and a number of other cryptocurrencies”, however, it is unknown which other cryptos it will support.