While there are some risks associated with the crypto world, the incredible returns attract traders more intimately when compared to other investment tools.
In India, banks like Kotak Mahindra have begun partnering with online exchanges to support crypto payments.
It is done in the same way as a car or a house can be placed as collateral for vehicle or mortgage loans.
Banks are also figuring out tri-party repo type arrangements – a way of borrowing funds by selling securities with an agreement to repurchase them, involving a third-party agent.
The move by banks shows that they are gaining confidence in this new and volatile sector and also that they have an appetite to take bold decisions.