Well over a decade on from its initial introduction, cryptocurrency—initially created to function outside existing institutional boundaries—now finds some of its risky practices in the crosshairs of regulators and policymakers. And while regulatory powers look to rein in the exchanges and issuers of this unique asset class, where can consumers securely store, buy and sell cryptocurrency right now?
How about a federally-regulated, national bank?
Vast Bank is the first nationally chartered U.S. bank that allows customers to buy, sell, and hold cryptocurrency assets through its mobile banking app. And as a traditional, federally regulated bank, staffed by customer service professionals, Vast Bank is simply held to higher standards than any of the cryptocurrency exchanges.
The unregulated, risky lending practices with customer crypto deposits that have mired certain crypto exchanges, are simply not possible at Vast Bank. As a federally regulated bank, we use an audited ledger to identify your crypto holdings and track your account activity. Vast Bank will never repurpose your digital assets unless you specifically instruct us to do so, meaning your crypto can only belongs to you.
Digital Assets involve risk are and not insured by governmental entities including FDIC or SIPC. You should carefully consider if trading digital assets is right for your financial situation. Digital Assets are Not Bank Guaranteed and May Lose Value. Terms and Conditions Apply.
