Crypto-friendly Banks: Top Banks that Support Crypto Trading
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How Many of the Top 50 Banks in the World Support Crypto Trading?
37 of the 50 (74%) biggest global banks by assets under management in 2023 support crypto trading through connecting to regulated crypto exchanges like Binance and Coinbase – allowing the seamless transfer of funds from bank accounts. However, none currently support retail crypto trading or on-ramping from their respective native platforms.
The adoption of blockchain-based solutions by big banks has been relatively slow compared to other sectors. Strict regulations, market volatility, and recent high-profile failures of exchanges like FTX have hindered the integration of cryptocurrency trading into these large banks.
In 2023, the top 50 biggest banks in the world managed a combined $89.37 trillion worth of assets. The list is dominated by the two largest economies, US and China, with 19 banks ranking in the top 50. The top 4 banks are all Chinese and manage $19.87T worth of assets, over 20% of the total.
