BANKS INCREASINGLY INTERESTED IN BITCOIN, SAYS ELLIPTIC CO-FOUNDER

Last updated: June 19, 2025, 21:18 | Written by: Charlie Shrem

The world of finance is undergoing a seismic shift, and at the epicenter of this change lies Bitcoin (BTC).No longer relegated to the fringes of the financial system, Bitcoin is now attracting significant attention from traditional banking institutions.This growing interest is largely fueled by Bitcoin's consistent breaking of all-time highs, pushing banks to seriously consider integrating cryptocurrency services into their offerings.Tom Robinson, co-founder of Elliptic, a leading British crypto firm specializing in blockchain analytics and regulatory compliance, has reported a surge in Bitcoin-related inquiries from global banks.This isn't just idle curiosity; it signifies a fundamental re-evaluation of the role of digital assets in the future of finance.Elliptic's work in developing tools for tracking and analyzing Bitcoin transactions is proving critical, allowing banks to address concerns around anti-money laundering (AML) and regulatory compliance – key hurdles to wider adoption.But what's driving this newfound interest, and what are the implications for the future of banking and cryptocurrency?

The Rising Tide of Bitcoin Interest Among Banks

The rising value of Bitcoin is undoubtedly a major factor behind banks' burgeoning interest.As Bitcoin repeatedly hits record highs, financial institutions are noticing the potential for significant profit and investment opportunities.Beyond the price, however, lies a deeper understanding of the underlying technology and its potential to reshape the financial landscape. Global banking institutions have been expressing more interest in Bitcoin as the cryptocurrency consistently breaks new all-time highs, according to a new report. Tom Robinson, co-founder of major British crypto firm Elliptic, told The Telegraph Wednesday that his company saw a massive surge in Bitcoin-related inquiries from global banks.Banks are starting to understand that blockchain technology offers significant advantages in terms of:

Efficiency: Faster and cheaper transactions compared to traditional systems.
Transparency: All transactions are recorded on a public ledger, improving traceability.
Security: Cryptographic security makes Bitcoin transactions extremely difficult to counterfeit.

These benefits are increasingly appealing to banks looking to streamline operations and enhance customer experiences.According to Tom Robinson, the inquiries from banks are not just about understanding Bitcoin as an investment vehicle, but also about how to offer crypto-related services to their own clients. Banks increasingly interested in Bitcoin, says Elliptic co-founder Several financial institutions in the U.S. are are seriously considering launching some type of cryptocurrency service, anThis signals a profound shift in the banking industry's perception of Bitcoin, moving from skepticism to active engagement.

Elliptic's Role in Bridging the Gap

Elliptic plays a crucial role in facilitating the integration of Bitcoin into the traditional financial system.The company's focus on blockchain analytics and regulatory compliance is essential for addressing the concerns that banks have regarding the risks associated with cryptocurrency. Banks increasingly interested in Bitcoin, says Elliptic co-founder Several financial institutions in the U.S. are are seriously considering launching some type of cryptocurrency service, an Elliptic co-founder said. Banks increasingly interested in Bitcoin, says Elliptic co-founderNEWSTheir technology allows banks to:

Track the source of Bitcoin: Identifying the origin of funds helps to prevent money laundering and other illicit activities.
Assess the risk of transactions: Elliptic's analytics provide insights into the potential risks associated with specific Bitcoin transactions.
Ensure regulatory compliance: By using Elliptic's tools, banks can comply with AML regulations and other legal requirements.

Dr. Tom Robinson, co-fundador da Elliptic, grande empresa focada em criptomedas brit nica, disse ao The Telegraph na quarta-feira que sua empresa viu um grande aumento nas pesquisas relacionadas ao Bitcoin realizada por bancos globais.James Smith, CEO of Elliptic, has emphasized the increasing importance of regulatory compliance in the crypto industry.In the early days of cryptocurrency, compliance was often an afterthought, but now it's a critical consideration for any financial institution looking to get involved. Elliptic, a bitcoin analytics and storage startup based in London, thinks it's just made a huge breakthrough that could make banks way more interested in bitcoin. The company has created aElliptic is helping to lead the way in this regard, by providing the tools and expertise that banks need to navigate the complex regulatory landscape.Elliptic's sophisticated software provides a layer of security and transparency that makes banks more comfortable with the idea of incorporating Bitcoin into their business models.

Specific Services Banks are Considering

Several financial institutions in the U.S. and globally are reportedly considering launching some type of cryptocurrency service. Tom Robinson, co-founder of major British crypto firm Elliptic, told The Telegraph on Wednesday that his company saw a massive surge in Bitcoin-related inquiries from global banks. TheThese services range from simple Bitcoin investment options to more complex offerings.Here are some of the specific services that banks are exploring:

Custody Services: Storing and managing Bitcoin on behalf of customers.This is a relatively straightforward service that many banks are already offering for other assets.
Trading Platforms: Allowing customers to buy and sell Bitcoin through the bank's existing trading platform.This would provide a convenient way for customers to access the Bitcoin market.
Payment Processing: Enabling merchants to accept Bitcoin as payment for goods and services.This could potentially reduce transaction fees and speed up payment processing times.
Lending and Borrowing: Offering Bitcoin-backed loans or allowing customers to borrow Bitcoin.This would create new opportunities for banks to generate revenue and attract new customers.
Bitcoin-Based Investment Products: Creating investment products that are linked to the price of Bitcoin, such as exchange-traded funds (ETFs) or mutual funds. Elliptic, a bitcoin analytics and storage startup based in London, thinks it's just made a huge breakthrough that could make banks way more interested in bitcoin. The company has created a sophisticated bit of software that it says can identify where a bitcoin has come from. That's a big deal for banks, which have a legal obligation to find out where the money they hold is coming from toThis would provide investors with a diversified way to gain exposure to Bitcoin.

The potential for these services is significant. The crypto industry has seen a significant shift toward regulatory compliance since its early days, according to James Smith, co-founder of Elliptic, a crypto compliance firm established in 2025.By offering Bitcoin-related services, banks can attract new customers, generate new revenue streams, and position themselves as leaders in the evolving financial landscape.However, the integration of these services also requires careful planning and execution to ensure regulatory compliance and minimize risk.

The Anti-Money Laundering (AML) Challenge

One of the biggest challenges that banks face when considering Bitcoin is anti-money laundering (AML). K resel bankacılık kuruluşları, s rekli rekor tazeleyen Bitcoin'e giderek daha ok ilgi g steriyor.Bitcoin's anonymity has historically made it attractive to criminals, and banks are wary of being used to launder illicit funds. Several financial institutions in the U.S. are are seriously considering launching some type of cryptocurrency service, an Elliptic co-founder saidThis is where companies like Elliptic play a crucial role, providing tools to identify and track suspicious Bitcoin transactions.Addressing AML concerns is paramount for banks seeking to engage with Bitcoin. Three years ago Elliptic s first blockchain analytics product had Bitcoin companies as customers. That s now up to 100 crypto businesses and financial institutions using its products to shrink their risk of financial crime when dealing with crypto-assets. But the more three than year gap between Elliptic s Series A and B is notable.Banks have a legal obligation to know where the money they hold is coming from, and Bitcoin's pseudonymous nature makes this challenging.Elliptic's software provides a solution by analyzing Bitcoin transactions and identifying patterns that may indicate criminal activity.

How Elliptic's Technology Addresses AML Concerns

Elliptic's technology works by:

Analyzing Bitcoin transactions to identify the source and destination of funds.
Identifying patterns that may indicate criminal activity, such as transactions with known illicit addresses.
Providing banks with alerts about suspicious transactions.
Generating reports that can be used to comply with AML regulations.

By using Elliptic's technology, banks can effectively mitigate the risks associated with Bitcoin and ensure that they are not being used for money laundering.

The Regulatory Landscape

The regulatory landscape surrounding Bitcoin is constantly evolving. The crypto industry has seen a significant shift toward regulatory compliance since its early days, according to James Smith, co-founder of Elliptic, a crypto compliance firm established in 2025Governments around the world are grappling with how to regulate cryptocurrency, and there is no consensus on the best approach.This uncertainty creates challenges for banks that are considering entering the Bitcoin market.They need to ensure that they are complying with all applicable regulations, which can be complex and often unclear. Bitcoin has recently received more than usual attention from several traditional financial institutions, as it has managed to set yet another all-timeThe US is seeing a variety of different approaches at the state and federal levels, further complicating the situation.As of now, the SEC (Securities and Exchange Commission) has approved Bitcoin ETFs which may simplify the process for banks.

Key Regulatory Considerations for Banks

Some of the key regulatory considerations for banks that are considering Bitcoin include:

AML regulations: Banks need to comply with AML regulations to prevent money laundering.
Know Your Customer (KYC) regulations: Banks need to verify the identity of their customers to prevent fraud and other illicit activities.
Securities regulations: Banks need to comply with securities regulations if they are offering Bitcoin-based investment products.
Tax regulations: Banks need to comply with tax regulations when dealing with Bitcoin transactions.

Navigating the regulatory landscape can be daunting, but it's essential for banks to ensure that they are operating legally and responsibly. エリプティックの共同創設者は、米国のいくつかの金融機関が「ある種の暗号通貨サービスの開始を真剣に検討しているThe regulatory climate is changing rapidly, making it important for banks to stay informed of the latest developments.

The Institutionalization of Bitcoin

Tom Robinson, Elliptic's co-founder, believes that his company's technology could be a game changer for the institutionalization of Bitcoin.If banks can satisfy anti-money-laundering regulations, then the path is paved for wider adoption. Banks increasingly interested in Bitcoin, says Elliptic co-founderThe institutionalization of Bitcoin refers to the increasing involvement of institutional investors, such as banks, hedge funds, and pension funds, in the Bitcoin market.This trend is significant because it brings more capital and legitimacy to Bitcoin, which can help to stabilize its price and promote wider adoption.

Factors Driving Institutionalization

Several factors are driving the institutionalization of Bitcoin, including:

Increasing regulatory clarity: As governments around the world provide more clarity on how they will regulate Bitcoin, institutional investors are becoming more comfortable with investing in it.
Growing demand from customers: Many institutional investors are seeing growing demand from their customers for Bitcoin-related products and services.
The potential for high returns: Bitcoin has the potential to generate high returns, which is attractive to institutional investors.

The institutionalization of Bitcoin is still in its early stages, but it has the potential to transform the cryptocurrency market.As more institutional investors get involved, Bitcoin's price is likely to become more stable and its adoption will continue to grow.

Looking Ahead: The Future of Banks and Bitcoin

The future of banks and Bitcoin is likely to be intertwined.As Bitcoin continues to gain acceptance and legitimacy, banks will need to adapt to the changing landscape. Tom Robinson, cofundador de la importante empresa brit nica de criptomonedas Elliptic, dijo a The Telegraph el mi rcoles que su compa a experiment un aumento masivo en las consultas relacionadas con Bitcoin de los bancos globales. Bitcoin alcanza un nuevo m ximo de $51,300 y un analista declara un avance parab lico hist ricoSome banks will embrace Bitcoin and offer crypto-related services, while others may choose to remain on the sidelines. Chief Scientist Co-Founder at Elliptic 3y We're at the stage where most major banks are actively exploring the opportunity to launch their own cryptoasset services. Compliance is topThe key for banks is to carefully consider the risks and opportunities associated with Bitcoin and to develop a strategy that aligns with their overall business objectives. The crypto industry has seen a significant shift toward regulatory compliance since its early days, according to James Smith, co-founder of Elliptic, a crypto compliance firm established in 2025. In the early days, only a few companies approached compliance in a serious way, Smith told CointelegraBanks are actively exploring the opportunity to launch their own cryptoasset services. Several financial institutions in the U.S. are are seriously considering launching some type of cryptocurrency service, an Elliptic co-founder said. Global banking institutions have been expressing more interest in Bitcoin (BTC) as the cryptocurrency consistently breaks new all-time highs, according to a new report.Tom Robinson, co-founder of major British crypto firm Elliptic, told TheCompliance is top of mind for these institutions.

Potential Scenarios for the Future

Here are some potential scenarios for the future of banks and Bitcoin:

Banks become major players in the Bitcoin market: Banks could become major players in the Bitcoin market, offering a wide range of crypto-related services to their customers. Elliptic is a British technology company fighting against criminality in the crypto industry by tracking suspicious transactions. Elliptic was founded by James Smith, Tom Robinson and Adam JoyseThis could lead to increased competition and innovation in the Bitcoin market.
Banks partner with crypto companies: Banks could partner with crypto companies to offer Bitcoin-related services. Elliptic, Continued The post This startup thinks it has solved the biggest problem banks have with bitcoin appeared first on Business Insider. Elliptic Dr James Smith, CEO of Elliptic.This could allow banks to leverage the expertise of crypto companies while maintaining control over their own customer relationships.
Banks remain on the sidelines: Some banks may choose to remain on the sidelines and not offer any Bitcoin-related services. Banks increasingly interested in Bitcoin, says Elliptic co-founder Read more at:This could be due to concerns about regulatory compliance, security risks, or reputational damage.

The future of banks and Bitcoin is uncertain, but it's clear that Bitcoin is here to stay.Banks that are willing to adapt to the changing landscape will be best positioned to succeed in the long run.

Huge Shift in Crypto Firms Compliance Mindset

According to James Smith, co-founder of Elliptic, the crypto industry has seen a significant shift toward regulatory compliance since its early days. Huge Shift in crypto firms compliance mindset, says Elliptic co-founder. The crypto industry has seen a significant shift toward regulatory compliance since its early days, according to James Smith, co-founder of EllipticIn the beginning, only a few companies approached compliance in a serious way.Now, a substantial number of crypto businesses are prioritizing regulatory compliance and actively seeking solutions to meet legal requirements.The change has been dramatic in the last few years.

Why is Compliance More Important?

Regulatory Pressure: Government agencies around the world are scrutinizing the crypto industry more closely.
Institutional Adoption: Institutional investors demand regulatory compliance.
Risk Mitigation: Compliance helps to reduce the risk of fines, sanctions, and legal action.
Reputation: Compliance enhances the reputation of crypto companies and builds trust with customers.

The shift toward compliance is a positive development for the crypto industry. Tom Robinson, Elliptic's cofounder, told Business Insider the tool could be a game changer for the institutionalisation of bitcoin. If banks can satisfy anti-money-laundering regulation thenIt will help to create a more stable and sustainable ecosystem for digital assets.

Common Questions about Banks and Bitcoin

Here are some common questions that people have about banks and Bitcoin:

Will banks start offering Bitcoin services? Yes, many banks are exploring Bitcoin services.
Is Bitcoin safe for banks to invest in? Bitcoin is risky, banks need to properly manage AML concerns.
How will banks regulate Bitcoin? Banks must be aware of current regulations and follow them.
Will Bitcoin replace traditional banking? It is possible, but unlikely in the near future.

Banks and Bitcoin will continue to evolve and influence one another.

Conclusion

The increasing interest of banks in Bitcoin, as highlighted by Elliptic's co-founder, represents a pivotal moment for both the cryptocurrency and traditional finance industries.The key takeaways are clear: Bitcoin is gaining mainstream acceptance, regulatory compliance is paramount for institutional adoption, and banks that adapt to the changing landscape will be best positioned for future success. Tom Robinson reported a wave of Bitcoin-related demand from U.S. banking institutions. Please note, this is a STATIC archive of website cointelegraph.com from, cach3.com does not collect or store any user information, there is no phishing involved.While challenges remain, particularly around AML and regulatory uncertainty, companies like Elliptic are playing a critical role in bridging the gap and enabling banks to confidently navigate the world of digital assets. Elliptic co-founder Tom Robinson believes the tides are changing for commercial banks. Robinson says that legacy banking institutions are becoming increasingly interested in offering cryptoThe future of finance is undoubtedly evolving, and Bitcoin, with the help of compliant and innovative solutions, is set to play a significant role. Banks increasingly interested in Bitcoin, says Elliptic co-founder Bitcoin cointelegraph.com, UTCWant to learn more about blockchain technology or invest in bitcoin?Contact your local bank to learn more!