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TL;DR
Crypto friendly banks let you move money to and from exchanges without blocked transfers or closed accounts, and some serve crypto businesses directly. For individuals, most large US banks now allow exchange transfers, and fintech accounts add flexibility. For crypto businesses, the shortlist is narrower: specialist partner banks such as Cross River and Customers Bank, federally chartered crypto banks such as Anchorage Digital, and state-chartered Custodia. Always confirm policy for your exact use case.
What makes a bank "crypto friendly"
There is no official label. In practice, a crypto friendly bank does one or more of these:
Allows transfers to and from regulated exchanges such as Coinbase and Kraken without blocking or freezing them.
Banks crypto businesses: exchanges, stablecoin issuers, payment firms, and funds, which many banks still decline.
Offers crypto services directly, such as custody, trading, or stablecoin settlement.
The distinction matters because most "crypto friendly bank" lists mix consumer banks that merely tolerate exchange transfers with specialist banks that actually serve the industry. Individuals and businesses need different answers.
Why the landscape changed
US banking for crypto collapsed in 2023 when Silvergate and Signature, the two banks most crypto firms relied on, failed or wound down. Regulators then discouraged banks from crypto activity. That stance reversed in 2025: the OCC confirmed in March 2025 that national banks can provide crypto custody and related services without prior approval, and the GENIUS Act of July 2025 gave stablecoins a federal framework. Since then, more banks have opened to crypto clients and several crypto firms have pursued federal charters.
Crypto friendly banks compared
| Bank or provider | Type | Serves individuals | Serves crypto businesses | Best for |
|---|---|---|---|---|
| Anchorage Digital Bank | Federally chartered crypto bank (OCC) | No, institutional | Yes: custody, staking, stablecoin services | Institutions and funds |
| Custodia Bank | Wyoming special purpose depository institution | No | Yes | Crypto businesses needing a dedicated bank |
| Cross River Bank | FDIC-insured partner bank | Through fintech partners | Yes, via banking-as-a-service | Fintechs and crypto platforms |
| Customers Bank | FDIC-insured commercial bank | Limited | Yes, including real-time settlement for digital asset clients | Exchanges and trading firms |
| Large national banks | Traditional banks | Yes, generally allow exchange transfers | Case by case | Everyday banking with exchange access |
| Revolut Business | Fintech account through partner banks | Personal app separate | Check policy for crypto activity | Multi-currency operations alongside a primary bank |
Based on public bank and regulator information, checked October 2026. Bank policies on crypto change and are applied case by case, especially for businesses. Confirm before you open an account.
Options compared
Anchorage Digital Bank
The first federally chartered digital asset bank, approved by the OCC in 2021. It serves institutions with custody, staking, settlement, and stablecoin services, and it issues Tether's US-focused USAT stablecoin. Not for: individuals or small businesses.
Custodia Bank
A Wyoming-chartered special purpose bank built for crypto businesses, holding full reserves rather than lending deposits. Limitation: its long fight for a Federal Reserve master account shows how hard full access to the payment system remains for crypto-native banks.
Cross River Bank
A New Jersey bank that powers many fintech and crypto platforms behind the scenes through banking-as-a-service. Most people use it indirectly through an app. Best for: fintechs building crypto products.
Customers Bank
A commercial bank that stepped into the gap left by Silvergate and Signature, offering digital asset clients real-time payment settlement. Best for: exchanges, market makers, and institutional traders.
Large national banks
Most major banks now allow customers to fund regulated exchanges by ACH or debit card, and some have announced crypto partnerships. Limitation: transfers to offshore or unregulated exchanges can still be blocked, and business accounts for crypto firms remain hard to get.
Revolut Business
Not a crypto bank, but a practical second account for companies operating across currencies, with plans from $10 a month in the US. Confirm Revolut's current policy on crypto-related business activity before relying on it as your only account. Read our Revolut Business review.
Open a Revolut Business account →
How to choose
- Individuals: use your existing bank if it allows transfers to your regulated exchange. Ask before moving large amounts, and keep records of sources of funds.
- Crypto businesses: start with specialist banks and banking-as-a-service partners, and expect enhanced due diligence on ownership, licensing, and AML controls.
- Institutions: look at chartered crypto banks and qualified custodians.
- Everyone: keep at least two banking relationships. Crypto firms learned in 2023 that losing a single bank can stop operations overnight.
FAQs
Which banks are crypto friendly in the US?
For crypto businesses, specialist banks such as Cross River, Customers Bank, Custodia, and Anchorage Digital Bank. For individuals, most large banks allow transfers to regulated exchanges. Policies change and are applied case by case, so confirm with the bank directly.
Why do banks close accounts over crypto?
Usually because of anti-money-laundering risk policies, transfers to unregulated or offshore exchanges, or unexplained sources of funds. Using regulated exchanges and keeping clear records reduces the risk.
Is there a bank that holds crypto?
Yes. Federally chartered crypto banks such as Anchorage Digital Bank and several trust banks provide custody for institutions. For individuals, crypto is usually held at an exchange or in a self-custody wallet rather than a bank.
Can crypto businesses get US bank accounts?
Yes, more easily than in 2023, after regulators eased their stance in 2025. Expect detailed due diligence on licensing, ownership, and compliance, and keep a backup banking partner.
Banking in the UAE? See our guide to crypto friendly banks in the UAE.
Last updated: October 26, 2026.
