In more than 36 months, more than a third of banks will offer Crypto Services, a new study by DailyCoin

On Monday, American Banker, a well-known publication for major banking leaders, released its banknotes for 2022 based on the results of a survey of 175 top executives, including C-suites between global and community finance companies, including regional and division executives. According to the report, cryptocurrencies will play a bigger role in traditional banking next year, although only 2 out of 10 financial advisors currently advise their clients about cryptocurrencies. Other notable crypts in the 22-page report include:

• Nearly 40% of those surveyed said it is likely to offer cryptographic services to retail customers next year.
• It currently manages about 10% or other digital currencies in its customer accounts.
• On average, respondents said 4% of their consumer customers currently have some form of cryptography.
• 60 percent of survey participants said they expect to increase the cryptocurrency ownership of their customers by 2022.
• Only 2% of industry executives who responded to the survey said their organizations are already offering cryptocurrency transactions, but are preparing to make the leap further.

As U.S. lawmakers and regulators get involved in cryptocurrency, the survey report added that about 66% of executives surveyed said more policy work could boost competition in products like stable currencies.

“We hope the agency will shed more light on managing the risks associated with digital assets in 2022, including cryptocurrencies, given that flying legislative efforts could significantly change the regulatory landscape,” the researchers said in the report.

Data from the American Banker report were collected from 175 leaders and skilled employees of banks and fintechs of various sizes who completed an online survey. Less than half of the respondents are C-suites and senior executives in the business unit. About 42% are division heads and department heads, senior executives and directors, and senior executives and managers. Approximately 1 in 5, or 21%, work in a global or national bank. The same percentage works in community banks. Almost as many, or 19%, work in the regional banks. 16% work in credit unions and almost 1 in 4 in a fintech company.

On The Flipside

• The key finding of crypto-discovery
• That’s a big development, as banks have mostly focused on large accounts so far instead of retail investors.

Why should you care?

Banks aren’t going to disappear anytime soon, it’s good to see that the average crypto-blockchain of investors is trying to adapt to the future.

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