A day earlier, Canada had launched US Dollar backed stablecoin, CUSD. Today, the news is that The Royal Bank of Canada is all set to launch a whole cryptocurrency trading platform. The trading platform will allow users to buy/sell digital coins, including Bitcoin and Ether explain a Logic report. Further, users can create their crypto accounts in the country’s largest bank.
RBC would be the first Canadian bank to launch a cryptocurrency exchange or offer its customers crypto accounts. The bank has applied for 4 patents in Canada and the US which explains how RBC plans to integrate cryptocurrencies into its operations.