After 10 years of daily updates, charts, and market snapshots, we are preparing to sunset CryptoCompare’s daily newsletter on 19th December. We are so grateful you’ve started your mornings with us for so long. But as the market evolves, so must we. Going forward, CryptoCompare’s daily newsletter will be merging with CoinDesk to provide you with even deeper, institutional-grade analytics.

We would love for you to join us in this next chapter. You can keep getting the data you rely on (and more) by subscribing below. Subscribe to Crypto Long & Short here. 

U.S. banks can now facilitate crypto trades as intermediaries without holding digital assets, the Office of the Comptroller of the Currency (OCC) said.

PNC Bank has launched bitcoin trading for its private bank clients, working with Coinbase to enable crypto purchases through existing investment accounts.

Malaysia has launched a ringgit-backed stablecoin, RMJDT, aimed at improving cross-border trade and attracting investment in the Asia-Pacific region.

Top stories in the Crypto Roundup today:

• OCC Clears U.S. Banks to Settle Crypto Trades as Riskless Principals
• PNC Bank Opens Bitcoin Trading for Wealthy Clients Through Coinbase Partnership
• Malaysia Launches Ringgit-Backed Stablecoin to Boost APAC Trade and Investment

OCC Greenlights Banks to Settle Crypto Trades as Riskless Principals Without Holding Assets

U.S. banks can now facilitate crypto trades as intermediaries without holding digital assets, the Office of the Comptroller of the Currency (OCC) said.

In Interpretive Letter 1188, the OCC confirmed that national banks may engage in riskless principal crypto transactions. In this model, a bank buys a crypto asset from one party and immediately sells it to another, without keeping the asset on its books. The bank functions more like a broker, earning a spread but avoiding exposure.

The guidance doesn’t permit full trading desks or custodial services but offers a narrow route for regulated involvement in digital markets. Banks must still follow safety and compliance rules.

PNC Bank Opens Bitcoin Trading for Wealthy Clients Through Coinbase Partnership

PNC Bank has launched bitcoin trading for its private bank clients, working with Coinbase to enable crypto purchases through existing investment accounts.

The service allows high-net-worth individuals to trade BTC directly, with Coinbase providing the underlying brokerage and technology. Clients fund their trades from PNC accounts, keeping the experience within the bank’s ecosystem.

It’s the latest example of a traditional bank offering crypto access without handing off the client relationship to outside platforms. PNC executives say the move is about meeting long-term interest, not short-term demand.

A broader rollout to institutional clients, including endowments and nonprofits, is expected in early 2026.

Malaysia Launches Ringgit-Backed Stablecoin to Boost APAC Trade and Investment

Malaysia has launched a ringgit-backed stablecoin, RMJDT, aimed at improving cross-border trade and attracting investment in the Asia-Pacific region.

The token, issued by Bullish Aim Sdn, owned by Ismail Ibrahim, the king’s eldest son, is backed by ringgit cash deposits and short-term government bonds. It will launch with a supply of 500 million tokens, worth about $121.5 million.

Built on the Zetrix blockchain, RMJDT enters a region where stablecoin use is rapidly growing. Over half of institutions in Asia now use stablecoins for payments and treasury operations, according to Circle.

State of the Crypto by Top Tier Exchange Volume

Build your project with CoinDesk Data

Terms | Privacy

13 Charles II St, SW1Y 4QU

London, UK

This email may include advertisements by third parties. None of the advertised or promoted products and services have been verified or approved by us and this email is not any endorsement by us of the third party or of their products or services.