When it comes to digital assets, not all banks are created equal. Some financial institutions have been more receptive to cryptocurrencies and blockchain technology than others. Below are four U.S. crypto-friendly banks to consider.
Ally Bank: Ally Bank is one of the largest online banks in the United States. It has been involved with cryptocurrencies since 2017. The bank has a Coinbase integration that allows customers to buy, sell, and hold digital currencies directly through their Ally Invest account.
Bankprov: Bankprov offers a full suite of banking services to digital asset businesses, including checking and savings accounts, loans, and merchant services.
Signature Bank: Signature Bank is a New York-based commercial bank that has been involved with digital currencies since 2014. In 2019, Signature Bank launched Signet, its own digital payment platform, which is based on blockchain, making it secure and reliable.
Silvergate: Silvergate was founded in 1988 and is headquartered in La Jolla, California. The bank was one of the first to allow its clients to use cryptocurrency-related business accounts.
There are many banks to select from, and certainly more than this that are crypto-friendly banks. Just like any bank, make sure to do your research before selecting a bank.
