What is cryptocurrency banking?

The term “crypto banking” is relatively new and can refer to a few different activities. Generally, the way people interact with cryptocurrency is by investing, not banking. That can involve buying and selling digital currencies on a trading platform.

Is a crypto Bank a mortgage bank?

While crypto companies can become a type of bank, regular banks probably shouldn’t be referred to as crypto banks simply for offering crypto services. A bank that has mortgages is not called a mortgage bank.

What is the difference between traditional banking and crypto banking?

Traditional banking, on the other hand, is focused on managing cash and credit at a bank, such as with checking and savings accounts and loans. Crypto banking, at its most basic, can refer to managing digital currency at a financial technology firm or financial services provider.

What is crypto lending & borrowing?

Most notably, lending and borrowing. Investors can earn interest on their holdings of digital currencies — often a lot more than they could on cash deposits in a bank — or borrow with crypto as collateral to back a loan. Crypto loans generally involve no credit checks as transactions are backed by digital assets. Who’s in this sector?