Canada’s Largest Bank Refutes Rumors About It Launching Crypto Exchange

The Royal Bank of Canada (RBC) — the largest bank in Canada with $499 billion in assets under management — will not launch its own digital currency trading platform, contrary to previously published news.

Last week, rumors that the RBC was exploring the possibility of launching its own cryptocurrency exchange began circulating the internet on a range of finance and economics-focused publications.

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Mike Novogratz’s Cryptobank to Debut on Canada’s TSX Venture Exchange

In a move that can be considered a major milestone for Bitcoin industry, billionaire Mike Novogratz’ crypto-focused merchant bank, Galaxy Digital LP, is set to begin trading on Toronto’s TSX Venture Exchange on August 1, reports Bloomberg.

Novogratz is a former Wall Street macro trader who made hundreds of millions of dollars buying and selling Bitcoin and Ether.

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