In response to the increasing challenges faced by the crypto industry due to the dwindling number of crypto-friendly banks in North America, EQIBank is stepping in to provide innovative banking solutions for digital asset and crypto companies. Traditional banks are being influenced by executive orders and coordinated moves from the FDIC and Federal Reserve to prevent crypto from entering the mainstream market, leaving crypto-based organizations without access to financial services. EQIBank recognizes the importance of inclusive banking solutions for the crypto sector and is committed to providing equal opportunities.
Through its comprehensive custody and Over The Counter (OTC) options, EQIBank is bridging the gap between the conventional financial system and the rapidly evolving crypto industry. Clients can utilize the integrated services offered by EQIBank to access markets, exchange fiat for crypto, and complete instant transfers. This initiative is a much-needed lifeline for businesses navigating the complex banking landscape, enabling them to overcome the challenges associated with the current financial system.
EQIBank is disrupting the banking industry by redesigning the concept of how banks function and make money. The bank operates in over 180 countries and handles over 100 currencies, offering a transactional approach to revenue generation. Unlike traditional banks, EQIBank does not make profits through lending client funds, which CEO Jason Blick believes is a significant reason for their success. With a Capital Adequacy Ratio of 80%, approximately 10 times better than the average US bank, EQIBank is considered one of the world’s safest banks.
As a pioneer in crypto-friendly banking, EQIBank solidifies its position through advanced banking infrastructure and a commitment to innovation. Clients can trade, borrow, custody, and invest with EQIBank to fulfill their aspirations. EQIBank is the only offshore banking institution that places OTC transaction funds directly on cards or into bank accounts and offers custody for digital assets. Recognized for its achievements, EQIBank has been awarded Digital Bank of the Year in 2022 and Most Innovative Use of Blockchain In Banking.
The number of clients at EQIBank has increased by over 350%, with many of their lines of business experiencing growth of up to 10% per month. The bank’s OTC desk alone is growing at a rate of over 131% per annum. As EQIBank continues to gain traction on the international stage, it remains steadfast in its mission to redesign the banking industry and raise the standard for financial institutions.
EQIBank is providing innovative banking solutions to serve digital asset and crypto companies, enabling them to navigate the challenges posed by traditional banks. With comprehensive custody and OTC options, EQIBank bridges the gap between the conventional financial system and the crypto industry, facilitating access to markets and instant transfers. EQIBank’s transactional approach to revenue generation and commitment to innovation sets it apart from traditional banks, providing a much-needed lifeline for businesses in the crypto sector. As EQIBank continues to expand and gain recognition, it remains dedicated to redefining the banking industry and setting new standards for financial institutions.