While there are many options in the market, only a few will possess the experience, commitment and risk tolerance companies in a young and tech-forward industry need. And simply making a choice won’t seal the deal: Crypto and blockchain entrepreneurs must have the detailed information banks will demand at their fingertips and be ready to reciprocate the transparency they themselves expect from a financial partner.
There’s a lot of homework to be done before beginning any sort of outreach, so knowing what to look for as you begin the research is a helpful head start. Below, nine members of share their advice for crypto and blockchain companies that are beginning the process of choosing a banking partner.Look at the bank’s background supporting other companies in your specific niche. Be cognizant of treaties or laws applicable to the bank’s corporate entity and any privacy-related concerns those could raise for you or your users.