Half of America’s Biggest Banks Now Developing Bitcoin Services

A growing number of major U.S. banks are moving toward Bitcoin adoption, signaling a significant shift in the traditional financial sector’s stance on digital assets.

According to new data from Bitcoin financial services firm River, 13 of the top 25 banks in the United States are now either offering or actively developing Bitcoin-related products for their clients. This marks a notable change from years past, when many institutions avoided the cryptocurrency entirely.

Some banks have already launched specific services. JPMorgan Chase has announced Bitcoin trading access, while PNC Group, Charles Schwab, and State Street have revealed plans to integrate Bitcoin into client offerings.

Citigroup, Wells Fargo, Goldman Sachs, and Morgan Stanley are limiting access to high-net-worth clients, while institutions like BNY Mellon are exploring Bitcoin custody solutions. Even American Express has entered the space with a Bitcoin rewards card.

River’s data shows other banks are in exploratory stages, including Fifth Third and Citigroup, while USAA has begun exchange integration. This broadening institutional interest comes as Bitcoin solidifies its role as a mainstream financial asset, with global adoption expanding among both retail and institutional investors.

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The shift follows a familiar pattern for disruptive technologies. As River’s commentary noted, “First they ignore it. Then they fight it. Now they’re starting to embrace Bitcoin.” With nearly half of the largest U.S. banks now involved in Bitcoin in some capacity, industry observers believe the next few years could bring even wider integration of digital assets into everyday banking services.