Crypto Banks Database

Crypto Banking Database 2023

Crypto businesses still need banking. Without banks, crypto businesses struggle to integrate fiat payments. On a more prosaic level, banks are still required for payroll and settling accounts. While crypto started as an effort to ditch banks as intermediaries, the rise of a regulated crypto industry means that traditional banks now require partners more than ever.

Sam McQuade, CEO – Panterra Finance

“With technology advancing faster than regulations, traditional banks have seen margin declines and consolidation for decades, so while crypto was initially a threat, it can also be viewed as one of the potential biggest future earnings contributors to the banks who are nimble and agile enough to invest in the right areas”.

Europe currently stands as the globe’s most robust crypto economy. Amid surging demand, European governments are racing to harmonize laws and regulations specific to this sector. A prime example is the EU’s Markets in Crypto Assets (MiCA) framework, designed to standardize and streamline regulations for crypto enterprises. This forthcoming legislation promises to replace the existing, fragmented regulatory landscape, often described as legal “whack-a-mole,” with a unified approach. Although initially scheduled for earlier adoption, MiCA is now expected to be ratified in 2023 due to vote postponements.

In the context of the United States grappling with crypto banking challenges, Swiss institutions Sygnum Bank and SEBA, along with Liechtenstein’s Bank Frick, are strategically positioning themselves as the next-generation alternatives to Silicon Valley Bank (SVB), Silvergate, and Signature Bank.

Nonetheless, Europe faces stiff competition on the global stage, particularly from financial hubs like Hong Kong, Singapore, and regions in the Middle East.

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Format of the Database: XLSX

Form: Download

Fields: Bank, Country, Region, Category, Description

Total Rows: 123

Countries