Major central banks worldwide, spanning regions like Europe, North America, and others, have disclosed a substantial commitment to the cryptocurrency market, with XRP emerging as a favored digital asset.
As per the Basel Committee on Banking Supervision (BCBS), a global regulatory body overseeing banks, 45 central banks within its membership have exposure to digital assets, indicating an increasing interest in the realm of cryptocurrencies.
19 Major Banks Reveal $10.27 Billion Investment in Crypto
A Recent Revelation: 19 Prominent Banks Invest $10.27 Billion in Crypto The BCBS’s latest report delves into the crypto activities of its member banks, revealing that 19 of them, situated across North America, Europe, and various global regions, have incorporated crypto asset data into their financial records.
Remarkably, the collective exposure of these banks to digital assets stands at €9.4 billion, translating to a substantial $10.27 billion.
An Intriguing Insight: Two Banks Hold Over Half of Crypto Investments The BCBS report sheds light on the distribution of crypto exposures among central banks, disclosing that merely two banks possess more than half of the reported total crypto investment positions.
Furthermore, four other banks account for nearly 40% of the remaining exposures, underscoring an uneven distribution in the global banking sector’s approach to digital assets.
Delving Deeper: BCBS Report Reveals Specifics on Crypto Exposures A more in-depth analysis of the BCBS report reveals specific details about the banks’ exposure to various cryptocurrencies.
XRP Among Top Investment Options
XRP Stands Out: Third-Largest Altcoin in Investment Choices XRP emerges as the third-largest altcoin in terms of digital asset investment choices, constituting 2% of the total exposure. This equates to XRP tokens valued at $205 million or €188 million.
Dominance of Bitcoin and Ethereum Bitcoin (BTC) and Ethereum (ETH) take the spotlight as the predominant assets in the banks’ crypto exposure. Collectively, these two cryptocurrencies make up almost 53% of the total exposure.
Breaking it down further, BTC alone represents 31%, while ETH constitutes 22%. The report also underscores the inclusion of other notable digital assets in the banks’ portfolios, such as Solana (SOL), Polkadot (DOT), Litecoin (LTC), Cardano (ADA), Stellar (XLM), among others.
In Conclusion: BCBS Report Offers Comprehensive Insight In conclusion, the BCBS report provides a comprehensive overview of global banks’ engagement with cryptocurrencies, with XRP, Bitcoin, and Ethereum comprising a substantial 90% of the total crypto exposure.
Right Now, Top 10 Asic Miner Profitability(2023/11/21)
| Model | Release | Hashrate | Power | Noise | Algo |
| Oct 2023 | 9.4Th/s | 3500W | 75db | KHeavyHash | |
| Aug 2023 | 8.3Th/s | 3188W | 75db | KHeavyHash | |
| Sep 2023 | 8Th/s | 3200W | 75db | KHeavyHash | |
| Oct 2023 | 6Th/s | 3400W | 75db | KHeavyHash | |
| Sep 2023 | 2Th/s | 1200W | 75db | KHeavyHash | |
| Sep 2023 | 212kh/s | 1350W | 75db | RandomX | |
| Sep 2023 | 1Th/s | 600W | 75db | KHeavyHash | |
| Feb 2024 | 335Th/s | 5360W | 50db | SHA-256 | |
| Nov 2021 | 9.5Gh/s | 3425W | 75db | Scrypt | |
| Feb 2024 | 200Th/s | 3550W | 75db | SHA-256 |
If you want to know more about us, welcome to contact us directly.
This is my first time pay a quick visit at here and i am really happy to read everthing at one place
I just like the helpful information you provide in your articles
I do not even understand how I ended up here, but I assumed this publish used to be great