This amount is more than any other year on record combined, according to Bloomberg

Venture capital (VC) funds have gone in big on crypto, with Bloomberg saying that they’ve already spent $17 billion this year.

This amount is not only more than any other year — it’s also more than any other year on record combined, according to the news outlet.

Much of the glut came in May, when Block.one invested $10 billion of digital assets and cash into new crypto exchange Bullish Global in a single deal. Around the same time, the company raised $300 million in additional funding.

According to a report from CoinDesk, Spanish bank BBVA will be rolling out its bitcoin trading services for Switzerland’s private banks.

The service has been tested for six months with a selected group of users. The trading service will now be made available to Swiss clients, although there will be no advice accompanying the service.

BBVA’s services include bitcoin, and the bank plans to broaden the definition for other cryptocurrencies in the future.

Signature Bank has added TrueUSD, the stablecoin, to its lineup for the Signet blockchain banking platform, notes a report from CoinDesk. This will allow customers of the bank to use the coin for instant payments. TrueUSD is backed 1 to 1 with U.S. dollars, and it has been independently verified by a U.S. accounting firm. According to the report, its circulating supply is at more than $1.4 billion.

TSB Banking Group will ban more than 5 million customers from buying cryptocurrency on fears over high fraud rates on trading platforms, Bloomberg writes.

Barclays, Monzo and Starling Bank have also made moves to block cash transfers to crypto trading platforms like Binance.

TSB will be blocking crypto purchases in which the bank finds fraudulent abuse of trading platforms, proceeding to enact bans after that, Bloomberg writes.