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Traditional banks that welcome crypto customers
Many traditional banks restrict or close accounts of customers with significant crypto activity. The banks below are known for their openness to crypto income, exchange transfers, and cryptocurrency-related businesses — critical for anyone operating in the crypto space.
Why this matters
Account terminations by traditional banks remain one of the most significant operational risks for crypto businesses and active traders. Choosing a crypto-friendly bank upfront prevents sudden account closures that can freeze operations for weeks or months.
Neobank
The most popular neobank globally for crypto-friendly banking, with over 40 million users. Revolut allows buying, selling, and holding 200+ cryptocurrencies directly within the banking app, making it a one-stop shop for fiat-crypto needs. No crypto experience is treated as suspicious — the bank actively promotes its crypto features.
Business Neobank
Mercury is the leading business banking option for US crypto companies. While not providing crypto custody itself, Mercury explicitly welcomes crypto businesses — exchanges, DeFi projects, funds, and wallets — without the compliance paranoia that characterizes traditional US banks. Integrates with major accounting tools and provides robust API access.
Traditional Bank
Singapore's largest bank and one of the few traditional major banks to build its own regulated digital asset exchange. DBS Digital Exchange (DDEx) enables institutional and accredited investors to trade BTC, ETH, XRP, and BCH, and to access security token offerings. DBS bank accounts are fully compatible with crypto activity.
Digital Bank
Singapore-licensed digital bank known for its openness to crypto-related transactions. Unlike OCBC and UOB (which have restricted crypto exchange transfers), iFast actively accommodates crypto users and has positioned itself as the go-to bank for Singapore's crypto community. Particularly useful for transfers to Coinbase, Binance, and local exchanges.
Traditional Bank
Denmark's third-largest bank and notably more progressive than peers regarding cryptocurrency. Danish banks have been among Europe's most restrictive on crypto, making Jyske Bank a relative standout. Has published crypto research and does not automatically close accounts for crypto trading activity.
Digital Bank (EMI)
Lithuanian EMI-licensed digital bank specifically built to serve crypto businesses and individuals in Europe. Bankera provides IBAN accounts that many EU banks refuse to crypto companies, making it an essential banking option for European crypto businesses that struggle to maintain accounts at traditional banks.
EMI (Electronic Money Institution)
Wirex operates as a crypto-focused electronic money institution, providing multi-currency accounts with integrated crypto capabilities. Users can hold 150+ cryptocurrencies and 30+ fiat currencies in the same account, converting between them instantly at point of sale. Bridges traditional banking infrastructure with crypto asset management.
Digital Bank
One of Europe's first digital-native banks and an early adopter of cryptocurrency integration. Fidor partnered with German Bitcoin exchange Bitcoin.de to enable seamless euro-bitcoin conversions for account holders. Now somewhat dated compared to newer neobanks but maintains a valid German banking license and historical importance to European crypto banking.
Global Investment Bank
JPMorgan Chase is the largest US bank by assets and operates one of the most advanced bank-run blockchain platforms, Kinexys, which settles billions daily and issues JPM Coin for institutional payments. While the bank facilitates client access to spot Bitcoin and Ether ETFs, it has been conservative on direct retail crypto exposure. For institutions, JPMorgan is among the most crypto-capable global banks.
Global Bank
Bank of America is the second-largest US bank and one of the most prolific filers of blockchain patents among financial institutions. It provides clients access to spot crypto ETFs and publishes extensive digital-asset research, while limiting direct crypto purchases. Management has signaled readiness to launch a regulated stablecoin once US rules are finalized.
European Bank
BNP Paribas is the largest bank in the European Union and an early mover in institutional digital assets. Through its Securities Services arm it has developed tokenized bond settlement and is building digital-asset custody for institutional clients. Retail crypto access is limited, but the bank is a serious participant in regulated tokenization across Europe.
Global Bank
HSBC is one of the world's largest banks and a leader in regulated tokenization through its HSBC Orion platform, which has been used for digital bond issuance. It launched tokenized physical gold for retail clients in Hong Kong and offers institutional digital-asset custody. Direct retail crypto trading remains restricted in most of its markets.
European Bank
Crédit Agricole is one of France's largest banking groups and a participant in blockchain-based securities settlement, including the so|bond tokenized bond platform developed with partners. Its asset-management arm Amundi has explored digital assets. The group remains conservative on direct retail crypto but is building institutional tokenization capability.
Japanese Bank
Mitsubishi UFJ Financial Group is Japan's largest bank and one of the most forward-leaning major banks on digital assets. Its Progmat platform provides tokenization and bank-grade stablecoin issuance infrastructure used across Japanese financial institutions, alongside security token offerings. Within Japan's clear regulatory framework, MUFG is a genuine institutional digital-asset leader.
Global Bank
Citigroup is a leading global bank and one of the more active megabanks in production blockchain. Citi Token Services provides institutional clients with tokenized deposits and 24/7 cross-border liquidity, and the bank is developing digital-asset custody. Citi also publishes influential tokenization research projecting trillions in tokenized assets this decade.
US Bank
Wells Fargo is one of the largest US banks and historically among the more cautious on crypto. It has offered actively managed crypto exposure to qualified wealth-management clients and run internal blockchain settlement pilots, but provides limited direct retail crypto access. Its stance is gradually softening as US regulation clarifies.
European Bank
Santander is one of Europe's largest banks and notably more crypto-forward than most global peers. Its digital bank Openbank has rolled out retail crypto trading in EU markets, and Santander was an early issuer of a bond settled directly on the Ethereum blockchain. The group also offers institutional digital-asset custody, making it one of the more accessible megabanks for crypto users.
UK Bank
Barclays is a major UK bank that was an early banking partner for Coinbase in the UK and remains active in blockchain research. However, it has tightened its retail stance, banning cryptocurrency purchases on Barclaycard credit cards in 2025 over consumer-protection concerns. Institutional and markets clients retain more access than retail customers.
Canadian Bank
Royal Bank of Canada is Canada's largest bank and provides clients access to Canada's well-established regulated spot crypto ETFs. RBC has filed blockchain patents and explored institutional digital-asset use cases, while remaining cautious on direct crypto and occasionally restricting transfers to exchanges. It reflects the measured stance typical of large Canadian banks.
Swiss Bank
UBS is the world's largest wealth manager and one of the most advanced global banks in tokenization. It launched uMINT, a tokenized money-market fund on a public blockchain, alongside its UBS Tokenize platform for digital securities. UBS offers crypto exposure to select wealth clients and provides institutional digital-asset services, reflecting Switzerland's relatively progressive regulatory environment.