I've noticed for a long time that crypto banks are no longer just a trendy trend but a real necessity. When over 420 million people worldwide actively interact with cryptocurrencies, traditional financial institutions simply cannot ignore this.

Interestingly, many confuse crypto banks with crypto-friendly banks. These are completely different things. Crypto banks are decentralized platforms built on blockchain, like Scallop. And crypto-friendly banks are ordinary traditional banks that simply allow their clients to work with digital assets.

I compiled a list of institutions that truly offer decent conditions for crypto investors. I'll start with the biggest players.

JP Morgan Chase has taken a serious step in this direction by launching JPM Coin for cross-border payments. This shows that even the biggest financial giants understand where the world is heading. They offer full-fledged crypto banking services to institutional clients.

Revolut from the UK is a fintech that truly understands digital assets. You can trade over 30 cryptocurrencies, buy, sell, and store them. All easily managed through a mobile app.

Juno is an interesting platform specializing specifically in crypto banking solutions for companies and individuals. They offer crypto-backed loans, staking, smart treasury accounts. They even use AI for personalized analysis.

Wirex offers payment cards via Mastercard. Interestingly, you can earn tokens by unlocking DeFi opportunities. Free ATM withdrawals are useful for those who often need cash.

Monzo is a pioneer in digital banking. Now you can control both crypto and traditional assets in one place. Monzo cards are accepted on most crypto exchanges.

Ally Bank is a regular online bank but allows using accounts on external exchanges. Plus, higher interest rates on fiat than competitors and options for crypto funds.

Cash App by Square is already a combo. Not only payments but also the ability to buy Bitcoin and transfer it directly to a personal wallet. Debit card, transfers, everything in one app.

BankProv specializes specifically in crypto banking services. They create accounts for crypto companies, assist with currency conversion, and offer competitive loan rates.

Mercury is focused on Web3 companies. You can't store crypto directly there, but you can buy it. FDIC insurance up to 5 million, treasury products with good yields, no service fees.

Quonic is a community bank popular among the crypto community. They offer interest accounts on crypto assets, Bitcoin rewards for current accounts.

When choosing a crypto-friendly bank, pay attention to the ability to store both crypto and fiat simultaneously, the presence of crypto cards, integration with exchanges, low fees. It’s also important to check reviews and reputation. Institutions like JP Morgan Chase or Revolut are proven options with an active user base.