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LevelField Financial is giving customers the best of both worlds by becoming the first FDIC-insured bank in the U.S. to provide traditional banking services as well as services in cryptocurrency. This policy change is an unprecedented move that will greatly benefit customers in the near future.
LevelField Bank, which is headquartered in Redmond, Washington is an online-only institution and will be offering these new services through its digital platform. The bank is also planning on providing custodial services for institutional investors, allowing them to hold cryptocurrency with protecting the assets from theft or loss.
For customers, LevelField is making it easier for them to access cryptocurrency and to benefit from the capabilities it has to offer. Customers can now deposit money into their accounts and exchange cash for cryptocurrency at competitive rates.
The launch of these services is vital for those who want to gain more exposure to the crypto world but need more security for their money. By allowing customers to use normal banking features such as ATM access and FDIC protection, it will provide their money with a higher level of security than it had before. It also gives customers the flexibility to move money in and out of crypto without needing to purchase large amounts of it at once.
LevelField’s new policy is part of the ever-growing movement to make cryptocurrency more accessible and bring it into the mainstream. As cryptocurrency becomes more popular, it’s important for those who are hesitant to trust it to have access to alternative options. LevelField is paving the way for the future of cryptocurrency and will be a great alternative for those who are interested in taking part in the digital revolution.