The ability to buy, sell, or hold cryptocurrency with a bank is still a unique financial offering, despite the cryptocurrency market gaining mainstream traction over the last couple of years.
Vast Bank added crypto custody services to its portfolio of products in August 2021 because the bank believes that providing custody services for cryptocurrencies is a natural step for traditional financial institutions as they and their customers adapt to a changing financial landscape. Yet many regulated national banks have yet to take this step.
Why don’t more traditional banks offer crypto custody services? Banks, as a rule, are cautious and slower moving institutions—and navigating the complex regulatory landscape to offer bank custody of crypto assets is arduous and time consuming.
But Vast Bank—underpinned by innovative and nimble technology platform—recognized a growing demand for crypto custody services offered by a regulated financial institution from customers seeking more peace of mind about custody of their digital assets.
Dedicated to complying with all applicable federal financial regulations and avoiding any actions that could mislead consumers or create conflicts of interest, Vast Bank maintains the trust of its customers by offering the choice to hold cryptocurrency side-by-side with traditional banking products.
Vast Bank is proud to be at the forefront of the financial industry's shift towards crypto custody services.
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.
