Log in

News

650 U.S. banks will soon be able to offer cryptocurrencies

Updated: Jul 25, 2024
Published: Jun 30, 2021
0
Share:

A partnership between digital asset management firm NYDIG and NCR will make crypto purchases available to 650 banks and credit unions.

Post Feature Image

24 million customers will be able to make crypto purchases  at 650 banks

The option to offer cryptocurrencies is made possible through a collaboration between NYDIG and corporate payments giant NCR. NYDIG is a bitcoin technology and financial services subsidiary of Stone Ridge, a $10 billion alternative asset manager.

The partnership will allow the 650 banks to offer cryptocurrencies to 24 million customers. Community banks including North Carolina-based First Citizens Bank and credit unions including Bay Federal Credit Union in California will be able to offer their clients cryptocurrency trading through mobile applications built by the payments provider.

Instead of dealing with the sometimes inconvenient regulatory requirements related to holding the cryptocurrency for their customers, the financial institutions that opt to make the service available will rely on NYDIG’s custody services.

Providing crypto services to banks will allow for more competition with exchanges

Speaking to Forbes, Stone Ridge co-founder Yan Zhao explained that banks are tired of seeing their customers wire money from their bank account to cryptocurrency exchanges. He added that providing crypto services while staying in the current banking infrastructure will create direct competition with crypto-native exchanges. He said: “A lot of these banks have seen that one of the biggest outflows from their depositors is moving money from the bank to exchanges like Coinbase. And so that’s part of why banks are so excited to have this capability for themselves and for their consumers.”

NYDIG had announced the move to offer crypto trading at the beginning of May. At the time, it outlined its intentions to challenge the likes of Robinhood, Coinbase, and Square.

 

Take your next step towards crypto success

Login or upgrade to Cryptonary Pro

Pro

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

$1,548 $799

No risk. Only upside. If we don’t outperform the market during your subscription, we will give you 100% of your money back. No questions asked

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

What’s included?

  • 24/7 Access to Cryptonary's Research team who have over 50 years of combined experience

  • All of our top token picks for 2025

  • Our latest memecoins pick with 50X potential

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily Market Updates that cover the real data that shape the market (Macro, Mechanics, On-chain)

  • Curated list of the most lucrative upcoming Airdrops (Free Money)

  • Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp

Frequently Asked Questions

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked.

Recommended from Cryptonary
Market Update: Spotlight Shifts to Fed Cuts and Trade Tensions
PRO
Market Updates
Market Update: Spotlight Shifts to ...Volatility is back with force. A historic $19.5B in liquidations, renewed trade tensions, and shifti...
10 min read
Oct 14, 2025
BTC, ETH, and More: Key Buying Zones After the Liquidation Cascade
PRO
Market Direction
BTC, ETH, and More: Key Buying Zone...The recent liquidation cascade created major altcoin discounts, highlighting potential reversal poin...
4 min read
Oct 13, 2025
Market Update: Majors Show Signs of Recovery
PRO
Market Updates
Market Update: Majors Show Signs of...Markets are trying to find their footing after one of the most brutal shakeouts in crypto’s history....
6 min read
Oct 13, 2025