Banking remains one of the biggest challenges for crypto exchanges, and our client, a licensed exchange in Lithuania, was feeling the pressure. They needed multi-currency C2B accounts, including USD and EUR, to receive funds directly, but traditional banks wouldn’t work with them.
That’s where we stepped in. We connected them with a UK-regulated, crypto-friendly bank that not only provided the accounts they needed but also offered crypto OTC services, creating a seamless, all-in-one solution. This streamlined their operations, reduced reliance on multiple banking relationships, and ultimately boosted their trading volume by 30%.
Starting Point
While Lithuania offers a solid regulatory environment for crypto businesses, banking remains a challenge. Many financial institutions hesitate to support cryptocurrency transactions due to regulatory uncertainty, concerns about compliance risks, and the perceived volatility of digital assets, making it difficult to find reliable banking solutions.
Our client needed:
- Multi-currency C2B accounts, including USD and EUR, to accept customer deposits directly.
- A banking partner that understood the industry and could support their long-term growth.
Without the right setup, they risked delays, operational inefficiencies, and lost business opportunities —potentially leading to up to 15% in lost revenue due to transaction bottlenecks, 7-10 days of operational downtime from banking issues, and 20% reduction in customer satisfaction, which could negatively impact their market share and future growth.
When We Came In
We connected them with a UK-regulated, crypto-friendly bank from our network that offered exactly what they needed—plus a few extra perks:
- Opened multi-currency accounts (20+ currencies) in their company’s name.
- Established a transparent, compliant banking relationship with a trusted institution.
- Provided access to crypto OTC services, allowing them to execute large-volume trades within the same bank.
We carefully evaluated multiple banking partners, looking at key factors like regulatory compliance, crypto-friendly policies, transaction efficiency, and long-term stability. After a thorough review, we matched them with the perfect banking partner to support their growth.
Thanks to a smooth onboarding process, we had their new banking setup in place quickly and efficiently, minimizing any disruption. This simplified approach reduced their reliance on multiple banks, making their financial operations simpler, more secure, and ready for the future. As a result, their trading volume grew by 30%.
“Finding the right banking partner completely transformed our operations. We were constantly running into roadblocks, but now everything runs smoothly. Having multi-currency accounts and crypto OTC services all in one place has made a huge difference for our business.” — CEO, Lithuanian Crypto Exchange
Hot Takes
For crypto exchanges, securing reliable banking can feel like an endless struggle. Regulations are evolving, and financial institutions remain hesitant—but the right partnerships can turn roadblocks into stepping stones. This story proves that a well-thought-out approach can turn banking challenges into long-term success.
By providing a tailored solution with multi-currency accounts and integrated crypto OTC services, we helped our client simplify their operations, eliminate inefficiencies, and build a banking setup that supports their growth. With direct access to the financial tools they need, their trading volume grew by 30% and they can now scale their business confidently, stay compliant, and focus on what matters most—their customers.
If you’re facing similar banking challenges, you don’t have to navigate them alone. With the right connections and expertise, we can help you find a seamless, compliant solution tailored to your needs. Get in touch with us today to explore how we can support your business.
