The Top 17 Best Crypto-Friendly Banks

The Top 17 Best Crypto-Friendly Banks

This text provides an overview of three crypto-friendly banks based in Asia – DBS Bank from Singapore, Mizuho Bank from Japan, and SBI Sumishin Net Bank also from Japan. The text highlights their key features such as regulatory compliance, digital asset management services, tokenization expertise, and membership in industry associations.


As a researcher studying the financial industry’s evolution, I cannot stress enough the importance of adapting to the burgeoning crypto markets for banks that wish to remain competitive and relevant in today’s landscape. Traditional banking services that do not align with this new trend must be reassessed and potentially phased out in favor of crypto-friendly alternatives.

As a crypto investor, I can’t help but notice the growing trend of businesses and individuals entering the cryptocurrency sphere. To cater to their needs, it is essential that we have reliable blockchain banking services in place. These services should make crypto transactions as smooth and hassle-free as traditional banking methods.

As a researcher studying the intersection of traditional finance and cryptocurrencies, I’ve observed that institutions increasingly require banking services tailored to the crypto market. Crypto-friendly banks are no longer a novelty but an essential tool for these investors. They provide a seamless connection between conventional financial systems and the burgeoning crypto sphere, granting access to advanced trading platforms and secure asset management solutions.

As a researcher studying the cryptocurrency market, I’ve observed firsthand how various historical events have contributed to its growth and legitimization. For instance, the approval of the Bitcoin ETF, Bitcoin reaching an all-time high above $70,000, the widespread adoption of stablecoins and tokenization, and even Trump’s crypto donation campaign funding have attracted substantial new investments to the market, much like a honey pot draws in insects.

In this new phase, banks took charge of overseeing compliance and risk management for their crypto investing clients, allowing them to offer dependable banking services for cryptocurrencies.

But what are those crypto-friendly banks that anyone wishes to know about and use them confidently?

As a researcher delving deeper into the subject, I can share that Europe stands out as a significant player in the realm of extensive banking services. Currently, there are approximately sixty banks operating within its borders.

Additionally, information on selecting suitable banks for your cryptocurrency trading can be found to enhance your trading experience.

The Best Crypto-Friendly Banks at a Glance

The Top 17 Best Crypto-Friendly Banks
CompanyAvailable inAccessCrypto Features
Amina Bank (formerly SEBA Bank)SwitzerlandOnline & AppCustody, Trading, Lending, Payment Processing, Staking
Sygnum BankSwitzerlandOnlineCustody, Trading, Asset Tokenization, Asset Management
ContovistaGermanyOnline & AppBusiness Crypto Accounts, Individual Wire Transfers, International Wire Transfers, SEPA Network Access
BCB GroupUKOnline & AppSecure Crypto Transactions, Digital Asset Custody
Bank FrickLiechtensteinOnline & AppTrading, Custody, Staking, Payment Processing
Revolut BusinessGlobalOnline & AppMulti-Currency Transaction Businesses Solutions, Crypto Exchanges
Monzo BankUKOnline & AppIntegration with External Crypto Exchanges
BankProvUSOnline & AppFull-Service USD Banking Products, Crypto Lending, Secure Cash Vault Services
Goldman SachsUSN/ATrading Desk for Cryptocurrencies, Bitcoin Futures Trading
JP Morgan Chase BankUSOnline & AppAllows Connecting to Crypto Exchanges, JPM Coin for Cross-Border Payments
Evolve Bank & TrustUSOnline & AppSecure Custody of Digital Assets, Trading Platform, Lending Products, Payment Processing
Mercury BankUSOnline & AppTrading, Payment Processing, FDIC Insured
Ally BankUSOnline & AppAllows Using Bank Account on External Crypto Exchanges
Wirex BankMultiple CountriesOnline & AppDual Currency Support (Fiat & Crypto), Debit Card Services, Staking
DBS BankSingaporeOnline & AppCustody, Trading, Lending, Asset Management
Mizuho BankJapanOnline & AppCustody, Trading, Asset Management
SBI Sumishin Net BankJapanOnline & AppAsset Management, Custody, Trading, Lending

The Best 7 Crypto-Friendly Banks in Europe

I’ve recently come across an intriguing finding from a study conducted by CoinCub. They identified and brought to light that a significant number of banks are embracing cryptocurrencies in Europe. To be more precise, there are 63 financial institutions dedicated to crypto in this region, with the UK leading the pack, hosting as many as 17 such units. As a result, the UK is rapidly establishing itself as the epicenter for innovative crypto investments.

As a seasoned financial analyst, I can tell you that Europe takes the lead in crypto banking. With its well-defined regulatory framework and nurturing environment, Europe sets the bar high for crypto services, shaping up as a model for global best practices.

European banks and financial institutions are progressively understanding the significance of incorporating cryptocurrency offerings. This move strengthens Europe’s reputation as a leader in crypto innovation. (Advice from Sam McQuade, Founder and CEO of Pantera Finance)

1. Amina Bank (formerly SEBA Bank)

The Top 17 Best Crypto-Friendly Banks

As a crypto investor, I’m excited to share that I’ve come across Amina Bank, a trailblazer in the crypto banking sector established in 2018 in Switzerland. This bank stands out with its cutting-edge blockchain banking services, all regulated under the Swiss Banking and Securities Dealer License issued by FINMA.

As a researcher, I would describe Amina Bank’s services as follows: I work with Amina Bank, which ensures secure financial transactions for individuals, businesses, and institutions, supporting both fiat and cryptocurrencies. Our global reach is facilitated by regulated hubs in Switzerland, Abu Dhabi, and Hong Kong, allowing us to provide custody, trading, lending, and payment processing services on a worldwide scale.

Aminas’ Bank Key Services:

    Banking: current accounts, online banking, banking packages.
    Custody: hot and cold wallets, custody services.
    Lending: crypto-backed loans, credit cards, overdrafts.
    Deposits: fixed term, 7-day notice, 35-day notice.
    Staking: ETH, SOL, DOT, XTZ.
    Trading: spot and derivatives.
    API.
    Payment processing for crypto businesses.
    Swiss Bankers Association membership.
    Research resources and media outlet platform.

2. Sygnum Bank

The Top 17 Best Crypto-Friendly Banks

A bank established in Zurich in 2017 caters to both institutional and individual investors by providing them with tokenization, cryptocurrency trading, and custody services for their digital assets. Consequently, it has earned a reputation as a safe and dependable financial institution specialized in crypto assets.

This bank, overseen by FINMA and part of the Swiss Bankers Association, was the pioneer in providing custody and banking services for Internet Computer utility tokens in 2021.

Sygnum Bank provides an integrated solution for managing both fiat money and cryptocurrencies within a single user-friendly digital banking platform.

Sygnum Bank Key Services:

  • Digital asset banking throughtrading spot, options, AMCs, API, staking green-yield generation, lending cost-effective credit lines, and custody bank-grade security.
  • Asset Tokenization.
  • Asset Management platform winners protocol layer access, crypto sector indices first institutional framework, multi-manager fund diversified alpha strategies, yield core diversified crypto income, VC early-stage opportunities.
  • B2B Banking Services: trading secure infrastructure, asset management for institutions, crypto compliance and RegTech, bank-grade custody.

3. Contovista

The Top 17 Best Crypto-Friendly Banks

Contovista, a German cryptocurrency bank, provides a scaled-down range of financial services while maintaining its relevance. Overseen by the German Federal Financial Supervisory Authority (BaFin), this institution caters to both individual investors and crypto businesses in pursuit of financial security.

In the realm of crypto businesses, whether managing corporate accounts or executing personal and international wire transfers, Contovista stands out with its connection to the SEPA network. Therefore, it could be an excellent fit for you in the cryptocurrency market.

Contovista Bank Key Services:

  • Personal Finance Manager throughcarbon footprint manager, multi-banking for retail.
  • Business Finance Manager for crypto companies.
  • Enrichment Engine throughclient analytic tools.
  • Wire Transfers for international and domestic transactions.
  • SEPA payments network.
  • Access to EUR and USD accounts.

4. BCB Group

The Top 17 Best Crypto-Friendly Banks

For those seeking banking services that cater to the needs of institutional investors, hedge funds, family offices, asset managers, crypto exchanges, and blockchain companies in the crypto space, consider opening an account with BCB Group.

Established in London in 2017, BCB Group has made its mark in the mid-tier market with a valuation of $239 million. Known for its strong and reliable offerings, it bridges the divide between conventional banking and the cryptocurrency sphere.

As a researcher studying the crypto financial sector, I’d describe BCB Group as follows: With an Authorised Payment Institution (API) license granted by the UK Financial Conduct Authority, BCB Group empowers me to conduct secure transactions in over 30 digital currencies. Additionally, they provide digital asset custody services and other solutions, positioning them as a leading player among European banks that are crypto-friendly.

BCB Group Key Services:

  • BCB Business Accounts: a multi-currency transaction business solution.
  • BLINC: a payment processing network for all BCB Group customers, available 24/7/356 for free.
  • BCB Crypto: securecrypto trading services on crypto assets over the counter while safely storing them.
  • BCB FX: Crypto trading with ease.
  • Virtual IBANs: Separate business accounts into individual virtual IBANs.
  • BCB Treasury: Corporate digital assets treasury.

5. Bank Frick

The Top 17 Best Crypto-Friendly Banks

In 2018, I was fortunate enough to be a customer of Bank Frick, the trailblazing European bank providing blockchain banking solutions. Since then, this forward-thinking institution has expanded its crypto offerings significantly. Now, they cater to a wide range of digital assets, enabling me and other investors to trade, securely store our holdings through custody services, and even earn passive income via staking.

Established in 1998, Bank Frick caters to the requirements of numerous blockchain and digital asset custody institutions, financial intermediaries, asset managers, and trust companies worldwide. It provides a secure platform for businesses, including those based in Europe, Singapore, Australia, and the US.

The bank stands out in the industry by providing secured debit card services, having obtained licenses from Visa and MasterCard, and handling transactions for its customers.

Bank Frick Digital Financial Services:

  • Traditional Banking Services and Classic Crypto: Payment processing for fiat and convertible digital currencies, exchange trading, 24/7 direct market access, and crypto lending.
  • Blockchain banking means blockchain support, secure custody, crypto trading, staking, and more.
  • Fund and Capital Markets.
  • E-Commerce: Traditional payment processing, recurring financial transactions, PSD2/SCA compliance, risk management.

6. Revolut Business

The Top 17 Best Crypto-Friendly Banks

Revolut Business is a strong financial service provider and is among the digital financial platforms that ensure safekeeping of various trading currencies and fiat money for a worldwide clientele.

As a financial analyst, I’d put it this way: Following the MetaMask partnership, Revolut streamlined the cryptocurrency purchasing experience, making it one of the go-to banking options for the crypto community.

Furthermore, this British financial organization focused on creating a user-friendly mobile application allowing clients to securely invest in well-known cryptocurrencies such as Bitcoin, Ethereum, and more, alongside managing their assets.

With a Revolut account, users can enjoy various financial transactions and services at competitive prices, such as crypto storage in vaults, and numerous other advantageous features.

Revolut Business Financial Services:

  • Revolut Personal: Savings accounts, freelancer accounts, joint accounts, cards, crypto, stocks, commodities, etc.
  • Revolut Business: multi-currency account, crypto exchanges, cards, payment gateways, Revolut pay, Revolut ramp, and reader.
  • Depending on the chosen plan, the transaction fees might vary.

7. Monzo Bank

The Top 17 Best Crypto-Friendly Banks

As a financial analyst, I would describe Monzo Bank as follows: I am part of the wave of financial institutions that are transforming the industry by merging the worlds of traditional banking and emerging digital assets, catering to the needs of firms, traders, and investors in the crypto sphere. Monzo Bank is at the forefront of this evolution, wholeheartedly embracing the new crypto banking landscape.

As a crypto investor using Monzo, I can seamlessly link my traditional bank account with my preferred external cryptocurrency exchanges right within the Monzo app. This integration allows me to effortlessly keep track of my crypto investments and monitor all my financial transactions related to these holdings in one convenient place.

Did you find it surprising that Monzo cards are acceptable for use on cryptocurrency trading platforms? Absolutely, this addition grants you enhanced control over both conventional and virtual financial assets with Monzo.

Please note that Monzo is for UK residents only, and Ts&Cs apply.

Monzo Bank Financial Services:

  • Monzo Personal: Savings accounts, fiat currency vaults, cashbacks, Monzo investment, credit cards and loans.
  • Monzo Business: 24/7 customer support, tax vaults, integrated accounting, invoicing, faster payments and direct debits to cryptocurrency exchanges, and others.
  • The use of Monzo Cards on external crypto exchanges.
  • Monzo App for asset management.

The Best 7 Crypto-Friendly Banks in the United States

The United States boasts a vibrant and adaptive banking sector that caters specifically to crypto users, addressing their unique needs and granting simple entry into burgeoning crypto markets. Furthermore, established financial giants such as Goldman Sachs, JPMorgan, and BNY Mellon are pioneering the integration of blockchain technology to tokenize real-world assets.

In North America, the contrast between the inventive nature of crypto finance and the intricate regulatory barriers creates a intricately detailed image of the cryptocurrency banking sphere, according to Sam McQuade, the Founder and CEO of Panterra Finance.

In the dynamic landscape of digital finance, this area is home to both emerging startups and established industry leaders, all striving to innovate. However, the speed at which clear regulations are put in place is a crucial element determining its position on the world stage.

“The push toward adopting crypto banking services represents a larger goal of being at the forefront of financial advancements, hinged on a unified regulatory structure.”

As a dedicated researcher delving into the exciting world of finance, I invite you to explore some forward-thinking financial institutions that are disrupting the conventional banking landscape. These innovative entities offer an array of top-tier services for crypto assets, ensuring compliance with regulations, managing risks, and securing transactions. Join me as we uncover the names of these game-changing organizations.

1. BankProv

The Top 17 Best Crypto-Friendly Banks

If you’re on the hunt for a bank that is welcoming to crypto and provides traditional USD banking services, then BankProv is an excellent choice. We offer a range of payment solutions designed to help you or your business make the most of cryptocurrencies.

Beyond that, any funds you place in this bank, be they traditional currency or cryptocurrency, are safeguarded by FDIC insurance and function as part of a single BankProv account within the Federal Reserve System.

Expert: At BankProv, we’re seeing significant growth in our specialized lending division, catering to crypto supporters and unique situations. Our crypto-backed line of credit, secured by ether, aims to deliver a comprehensive lending solution tailored to the cryptocurrency market.

Moreover, the bank enhances safety for cash transactions through collaborations with top crypto-secure armored transport companies, and offers convenient access to your funds via nearby Bitcoin Automated Teller Machines (ATMs).

As a researcher studying the world of cryptocurrencies, I can tell you that working with this bank’s crypto banking team is an excellent choice for navigating the often complex banking process. Their dedicated team is committed to supporting you on your business journey, ensuring a smooth experience every step of the way. What sets this bank apart is its advanced API technology, which makes the banking process not only seamless and intuitive but also accessible to newcomers in the crypto sphere.

BankProv Banking Services:

  • Lending products for individuals and businesses;
  • Business Banking: business checking products, cash management services, web, and mobile banking, thoroughly ensured deposits up to $250,000;
  • Banking-as-a-Service: white-labeled insured banking products, modern API, compliance, and risk management, FBO and virtual accounts, KYC and KYB, and others;

2. Goldman Sachs

The Top 17 Best Crypto-Friendly Banks

Goldman Sachs, a long-standing player in the financial sector and a prominent Wall Street bank, has recently shifted its stance towards cryptocurrencies. Previously hesitant to engage with this emerging asset class, it has now executed an over-the-counter crypto transaction, signaling a significant shift in attitude. This move represents progress in establishing a legitimate market for crypto investors.

In addition, the bank offers a cryptocurrency trading desk. Financially, they’ve expanded their services by partnering with Galaxy Digital to provide Bitcoin futures trading as an extra feature.

At present, clients can gain access to Ethereum funds provided by the bank through its collaboration with Galaxy Digital. This partnership allows for a minimum investment in crypto funds amounting to $250,000.

Goldman Sachs Services:

  • Individual: private wealth management, global investment research, high-yield savings, managed portfolios, educational resources.
  • Corporate and Institutional: asset management, financial planning and advice, customized investment solutions, credit cards, installment financing, high-yield savings accounts, etc.
  • They have proven track experience.

3. JP Morgan | Chase Bank

The Top 17 Best Crypto-Friendly Banks

JP Morgan Chase stands out among banks for its welcoming attitude towards cryptocurrencies. As a leading multinational investment bank, it caters to both individual and institutional clients. Making headlines in the financial world, JP Morgan was among the pioneering traditional banks to adopt blockchain technology, creating a platform that enables swift cryptocurrency transactions.

As a crypto investor, I’m always on the lookout for financial institutions that embrace the digital currency revolution. JPMorgan Chase’s introduction of the JPM Coin signifies their commitment to streamlining cross-border transactions. By enabling real-time value transfer, they’re making international payments swifter and more efficient than ever before. This forward-thinking approach is why I consider JPMorgan Chase among the best crypto-friendly banks in the market.

US crypto exchange users can carry out deposits and withdrawals using Automated Clearing House (ACH) transactions and wire transfers. In return, the exchanges gain access to cash management services.

As a crypto investor, I’d express it like this: I also want to highlight that my global bank has formed a partnership with New York Digital Investment Group (NYDIG) to manage a passively held Bitcoin fund on their behalf. This move is aimed at catering to the needs of their wealthy clientele and cryptocurrency businesses.

In my role as a researcher, I’d like to add that come August 2021, the bank expanded its crypto offerings by introducing access to an additional five digital asset funds. These funds cater to users seeking wealth management solutions, including the self-directed Chase trading application.

JP Morgan Chase Financial Services:

  • Swift cross-border transactions through the JP Coin, showcasing its commitment to technological advancement;
  • Crypto-friendly banking services for specific cryptocurrency exchanges and digital asset companies.
  • A trusted partner, bridging the gap between traditional banks and the crypto world.
  • Institutional research of crypto markets that offers crucial insights for more informed investment decisions.

4. Evolve Bank & Trust

The Top 17 Best Crypto-Friendly Banks

If you’re in search of a reliable banking institution that caters to cryptocurrencies and provides extra advantages for its clients, Evolve Bank & Trust might be an excellent fit for you.

As a crypto investor based in Tennessee, I’ve come across this bank that has earned a reputation within our community for its unwavering commitment to safeguarding various digital assets and offering advanced solutions. Specifically, they provide a custody service, a trading platform, lending products, and payment processing services.

What makes Evolve Bank & Trust a reliable choice for your financial needs? As a federally insured institution overseen by the FDIC and an active participant in the Federal Reserve System, your deposits are safeguarded, providing you with the assurance and security you deserve.

Evolve Bank & Trust Services:

  • Secure and regulated custody of digital assets.
  • Trading platform for institutional investors.
  • Lending products for businesses and individuals.
  • Payment processing services for crypto companies.
  • FDIC insurance for deposits up to $250,000.

5. Mercury Bank

The Top 17 Best Crypto-Friendly Banks

Opening a crypto-friendly bank account with Mercury Bank might initially seem intimidating due to uncertainties surrounding the offered services and security for digital assets. Instead, consider Mercury Bank as an institution that turns these apprehensions into advantages for their clients.

As a crypto investor based in the United States, I would be drawn to a bank that not only provides a range of dependable services for businesses but also caters to the burgeoning digital currency market. Specifically, features such as seamless trading and payment processing are essential for me. Moreover, knowing that this financial institution is regulated by the Federal Deposit Insurance Corporation (FDIC) and is part of the Federal Reserve System instills a sense of security and trust in me as an investor.

For those in the Web3 community intending to effortlessly purchase cryptocurrencies using a bank account, Mercury extends an invitation. This service safeguards your assets with insurance coverage worth up to a impressive $5 million. Additionally, for balances surpassing $500,000, it offers attractive yields as an added benefit.

Merury offers additional appeal through cashback incentives and the provision of prepaid cards for increased financial versatility.

Mercury Financial Services:

  • No monthly maintenance fees allow business companies to shift their financial resources strategically.
  • Increased security since Mercury is FDIC-regulated and part of the Federal Reserve System for deposits up to $250,000.
  • Trading platform for all its institutional investors.
  • Lending products and services for both individuals and businesses.
  • Payment processing services, sub-accounts, and virtual IBANs.
  • Crypto fiat exchange, and crypto-fiat OTC.
  • Robust and secure API.
  • Attractive yields through Mercury Treasury.

6. Ally Bank

The Top 17 Best Crypto-Friendly Banks

Ally Bank is a unique financial platform that bridges the gap between conventional banking and the crypto marketplace. By providing secure and reliable services, it enables customers to utilize their Ally Bank accounts for queries related to cryptocurrency trading on external exchanges.

Due to this arrangement, Ally Bank clients have access to a broad selection of user-friendly tools and features for managing their finances effectively, which now encompasses cryptocurrency.

Additionally, with clear-cut transaction fees and attractive interest rates, Ally Bank emerges as a strong contender for those aiming to maximize their financial investments.

Ally Bank Services:

  • FDIC-insured US bank offering secured services.
  • Ally Bank accounts can be used on external crypto exchanges to empower users.
  • Increased Annual Percentage Yields (APYs) on fiat deposits.
  • Multiple investment options, including crypto funds, are included for its customers to diversify their investment portfolios.
  • Benefit from transparent transaction fees and competitive interest rates on traditional banking and crypto investments.

7. Wirex Bank

The Top 17 Best Crypto-Friendly Banks

As a financial analyst, I’d describe Wirex as follows: I don’t typically consider Wirex a typical banking platform. However, its innovative digital payment functionalities and strong wallet application make it stand out in the crypto community, positioning it as one of the top contenders within the cryptocurrency sector.

Additionally, Wirex sets itself apart by working in partnership with Mastercard for payment cards. This means that all its users can access and transact in both fiat currencies and digital assets (cryptocurrencies), making borderless financial transactions a seamless experience.

Using a wallet, you can effortlessly carry out transactions involving the sending and reception of funds through cards. Notably, debit card payments and SEPA/SWIFT transfers come at no extra cost. Additionally, the application does not impose any monthly fees, which benefits its users.

As a crypto investor, I find Wirex particularly appealing due to its global reach. With availability in over 130 countries, this wallet offers me the flexibility to use it virtually anywhere.

With Wirex, there’s no need to fret about security concerns. The Financial Conduct Authority (FCA) has granted a money issuer license to Wirex, and it holds PCI DSS Level 1 certification – the highest level of security compliance. Unlike other digital wallets that rely on seed phrases and private keys for access, Wirex implements biometric authentication instead.

Wirex Bank Services and Features:

  • Wirex has its WXT token that unlocks DeFi opportunities and other crypto-related features.
  • Dual currency support for both fiat currency and cryptos.
  • Web3 free accounts for financial freedom.
  • Secured debit card services for customers.
  • Increased passive income through staking, contributing to the blockchain network.
  • Institutional asset pricing for crypto markets insights while discovering market trends.

Top 3 Crypto-Friendly Banks in Asia

As a crypto investor, I’ve noticed an exciting development in recent years. Asian banks have emerged as a vibrant and forward-thinking scene for cryptocurrency adoption. These financial institutions now offer services that enable businesses and individuals alike to effortlessly integrate their traditional financial earnings with their crypto investments.

Major financial institutions from China, Singapore, Tokyo, and other regions are actively working to close the divide between conventional banking systems and the burgeoning crypto sector. Notable entities such as DBS Bank, Mizuho Bank, and SBI Sumishin Net Bank are leading the charge in developing innovative financial strategies.

Let’s find out more!

1. DBS Bank

The Top 17 Best Crypto-Friendly Banks

Without a doubt, DBS Bank is among the most notable and largest financial institutions in Southeast Asia. Based in Singapore, it has been providing services since its establishment in 1968.

Just like conventional banks focusing on safeguarding existing finance systems while integrating new crypto financial institutions, DBS Bank provides a safe and strictly regulated solution for digital asset storage, trade executions, loan offerings, asset management, and related services.

DBS Bank, which is subject to regulation by the Monetary Authority of Singapore (MAS) and is a part of the Association of Banks in Singapore (ABS), may be an ideal choice for numerous cryptocurrency investors and businesses.

DBS Bank Services and Features:

  • High-regulated custody of digital assets offers users peace of mind.
  • Robust trading platform for institutional investors and lending products for individuals and businesses.
  • Digital asset management services and high expertise in tokenization processes.
  • Singapore Association of Banks membership.

2. Mizuho Bank

The Top 17 Best Crypto-Friendly Banks

Based in Tokyo, Mizuho Financial Group ranks as the second largest Japanese bank in terms of assets. This significant presence underscores their dedication to pioneering and providing top-tier offerings within the crypto banking sector.

The Mizuho Financial Group, overseen by the Financial Services Agency (FSA) and part of the Federation of Bankers Associations of Japan (FBAJ), provides its clients with secure digital asset custody, an advanced trading platform, asset management solutions, and proficiency in tokenization technologies.

Mizuho Financial Group Services:

  • Regulated and secured asset custody.
  • Trading platform, lending products, and asset management services.
  • Membership in the Federation of Bankers Associations of Japan.

3. SBI Sumishin Net Bank

The Top 17 Best Crypto-Friendly Banks

just like the other two Asian banks, SBI Sumishin Net Bank holds significant influence in the cryptocurrency-friendly banking sector in East Asia. This position has been strengthened following the partnership between SBI Holdings and Sumitomo Mitsui Banking Corporation.

Using secure services like asset management and custody, intuitive trading platforms tailored for institutional investors, lending options, and more, SBI Sumishin Net Bank simplifies the experience for its users by addressing their requirements effectively.

Additionally, the bank is subject to regulation by the Financial Services Agency (FSA) in Japan and holds membership with the Federation of Bankers Associations of Japan (FBAJ). This affiliation enhances the bank’s commitment to safeguarding users’ security and fostering trust.

SBI Sumishin Net Bank Features:

  • Secure assets management and custody.
  • Trading platform, lending products, and proven track record of tokenization expertise.
  • Federation of Bankers Associations of Japan membership.

The Best Features of Crypto-Friendly Banks

One essential consideration when selecting a crypto-compatible bank is the provision of dependable and safe services for managing both cryptocurrencies and traditional fiat currencies. This feature enables greater convenience in handling your financial dealings during trading activities.

Affordable monthly fees and crypto account services with reasonable rates are essential not just for small and medium traders, but also for larger market participants, keeping the crypto world functioning smoothly.

In simpler terms, people prefer keeping more of their earnings for themselves instead of paying high fees for administrative services. They seek opportunities to generate passive income through staking and gain access to institutional asset pricing without these fees.

Additionally, irrespective of activities like buying and selling, exchanges, or cashouts, clear-cut fee policies can bolster user confidence further. Given the power of personal recommendations, crypto-focused financial institutions ought to prioritize this aspect.

As a crypto investor, I can tell you that crypto cards are nothing new in the world of digital assets. However, to make our lives easier and transactions smoother, crypto-friendly banks and financial institutions need to embrace them. By integrating crypto cards into their systems, they can facilitate buying and selling digital currencies with ease, as well as provide other valuable digital financial services for us investors.

As a cryptocurrency analyst, I’ve observed that collaborating with crypto-friendly banks and companies can bring significant advantages for all parties involved. The briefer the transaction process, the more advantageous it becomes for these entities.

Certainly, there are other important features that crypto-friendly banks should provide in addition to what has been mentioned. Some possibilities include:

  • The integration with crypto exchanges and wallets;
  • Seamless cash-out process;
  • Mobile apps;
  • Reliable customer support;
  • Crypto-backed loans;
  • Saving accounts;
  • Crypto holdings;
  • Transparent and low transaction fees, and the list could go on.

To begin with, make a list of your banking requirements and then examine the features of various banks that accept cryptocurrencies in order to identify an account that aligns with your financial goals.

Crypto-Friendly Banks FAQ

What crypto-friendly banks worldwide are there?

Here are the top 17 crypto-friendly banks worldwide:

  1. Amina Bank (Switzerland);
  2. Sygnum Bank (Switzerland);
  3. Contovista (Germany);
  4. BCB Group (UK);
  5. Bank Frick (Liechtenstein);
  6. Revolut Business (UK);
  7. Monzo Bank (UK);
  8. BankProv (US);
  9. Goldman Sachs (US);
  10. JP Morgan Chase Bank (US);
  11. Evolve Bank & Trust (US);
  12. Mercury Bank (US);
  13. Ally Bank (US);
  14. Wirex Bank (US);
  15. DBS Bank (Singapore);
  16. Mizuho Bank (Japan);
  17. SBI Sumishin Net Bank (Japan).

Why won’t my bank let me buy crypto?

To begin with, make certain that your banking institution permits cryptocurrency transactions in some capacity before proceeding. Should this be the case, consider signing up with one of the top seventeen crypto-friendly banks and proceed accordingly.

As a crypto investor, I can suggest exploring different banking options based on my geographic location. For instance, I could consider Sygnum Bank in Switzerland, Evolve Bank & Trust in the US, or Mizuho Bank in Japan. Each bank offers unique benefits and may align better with specific investment strategies. It’s essential to research and find the one that best fits my needs.

Final Thoughts

As a dedicated researcher in the field of finance and technology, I understand the increasing demand for institutions that support cryptocurrencies as they become more mainstream. To help simplify your search, I have meticulously curated a list of banks in both the United States and abroad that are known for their crypto-friendly policies. This compilation is designed to save you valuable time and resources.

It’s important to carefully examine each option before making a selection based on your financial requirements.

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2024-05-31 13:04