@Theb. This also appears similar to the phrase if you cannot beat them, join them hehe. The cryptospace will certainly be a new source of revenue for them. They also cannot leave their competitors tap this new revenue stream without them or they become less competitive.

In any case, HSBC is going on a different direction. They might have projected that the revenue is not enough for themselves to enter? However, how long can they avoid the cryptospace as their competitors enter. I speculate 1 year hehehehe.



HSBC CEO Noel Quinn has said that the banking giant has no plans to launch a cryptocurrency trading desk or offer it as an investment vehicle to its clients. That is because crypto is too volatile and lacks transparency, he said.

Source https://www.theblockcrypto.com/post/105844/hsbc-no-plans-crypto-trading-desk-ceo-comments