The Crypto Banking Problem
Despite the mainstreaming of cryptocurrency, finding reliable banking for crypto businesses remains genuinely difficult. Most traditional banks still refuse crypto exchanges, custodians, and blockchain companies outright — citing AML risk, regulatory uncertainty, and reputational concerns.
The good news: a growing number of specialist EMIs have built their business models around serving the crypto industry.
Our Methodology
We evaluated EMIs based on:
- Explicit acceptance of crypto-related businesses
- IBAN availability and SEPA/SWIFT access
- Onboarding timeline and requirements
- Fee structures
- Regulatory standing
- Customer feedback from the industry
The Top 10 Crypto-Friendly EMIs
1. Nexpay (Lithuania)
Specifically built for crypto businesses. Offers SEPA IBANs, SWIFT, and has deep experience with crypto exchanges and OTC desks. Fast onboarding (typically 1-2 weeks for crypto businesses).
2. ConnectPay (Lithuania)
Strong track record with blockchain companies. Offers dedicated account managers and competitive FX rates.
3. Genome (Lithuania)
Accepts a wide range of crypto business models including exchanges, custodians, and crypto payment processors.
4. Payset (UK)
FCA-regulated, accepts crypto businesses, offers multi-currency accounts and competitive SWIFT rates.
5. Fiat Republic (UK)
Specifically designed as a banking bridge for crypto businesses. Strong compliance infrastructure.
6. BCB Group (UK)
Institutional-grade banking for crypto businesses. Preferred by larger exchanges and OTC desks.
7. Silverbird (UK)
Good option for smaller crypto businesses and startups. Competitive pricing.
8. Intergiro (Sweden)
Swedish EMI with strong crypto acceptance policy. Good for Nordic-based crypto businesses.
9. Unlimit (Cyprus)
Cyprus-based, accepts crypto businesses, strong in the Eastern European market.
10. Transak (UK)
Specialist in crypto on/off ramp services. Good for businesses needing fiat-crypto conversion infrastructure.
What Crypto Businesses Need to Prepare
Even crypto-friendly EMIs require thorough documentation:
- Detailed description of your crypto business model
- Proof of any relevant licenses (VASP registration, etc.)
- AML/KYC policy documentation
- Transaction volume projections
- Source of funds for initial deposit
- List of supported cryptocurrencies
The Regulatory Landscape in 2025
MiCA (Markets in Crypto-Assets Regulation) came into full effect in 2025, bringing greater regulatory clarity to the EU crypto market. This has actually helped crypto businesses access banking, as EMIs now have clearer guidance on what crypto activities they can support.
Explore all [crypto-friendly providers](/industry/crypto) in our directory.
