Why crypto’s biggest firms are jumping on the neobank trend – DL News
- More and more firms are launching crypto neobanks.
- They want to tap blockchains and DeFi to offer customers fast transactions and high interest rates.
- Regulatory clarity is helping bring together crypto and traditional finance.
Crypto neobanks are getting popular.
More than half a dozen of this new breed of financial apps have launched over the past year, banking on clearer regulations and the technological savvy of younger generations to fuel their success.
“The majority of investors today are digital natives,” Zac Prince, managing director of GalaxyOne, Galaxy’s crypto neobank, told DL News. “They’re comfortable with app-based banking and want a single, modern platform that removes friction and gives them full visibility.”
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