Mapping out crypto-friendly banks & e-money institutions

There are an array of businesses — namely a select group of banks and e-money institutions — willing to help connect crypto firms to the wider financial system.

Mainstream banks remain reluctant to provide banking to cryptocurrency businesses as compliance costs and reputation risk continues to outweigh the benefits of the still-nascent industry. Smaller banks have looked to fill the role, seeing it as an opportunity to attract new customers in a competitive banking market.