Although LevelField may become the first FDIC-insured bank to offer crypto services, that does not mean the bank will necessarily offer a safer way to invest in volatile digital assets. FDIC insurance protects bank depositors against losses of up to $250,000 in case of a bank failure, but cryptocurrencies are an asset class that remains uninsured by the Federal Deposit Insurance Corporation.
Author: Elizabeth Napolitano ::: Source link
