Of those in circulation, 11.4 million, worth about $104 billion at the press time price of $9,128, has been held for many years. Another 3.5 million is used for trading and moves frequently—primarily between exchanges.
The audit, tax and advisory giant KPMG has launched a service designed to connect the systems used by banks and fintech firms with those relied on by cryptocurrency and digital asset platforms.
PayPal is reportedly preparing to start directly selling cryptocurrencies to its 325 million users—with job vacancies for blockchain experts popping up on its careers site. If confirmed, this would be a major U-turn for the fintech giant, and a big step towards mainstream adoption of Bitcoin.
Ledger Vault provides IT infrastructure for financial institutions to ensure that they can reduce the security risks associated with holding digital assets on behalf of their users.