Seeking Banking Partner for U.S. Crypto OTC Desk (Wyoming MSB)

Summary

A FinCEN-registered Wyoming MSB running a U.S. crypto OTC desk for individual and institutional clients is looking for a new banking relationship. It needs USD operating accounts, domestic and international wires, ACH and support for incoming customer wires for OTC trades. Expected volume is US$5–10 million a month, with KYC/KYB, transaction monitoring, sanctions screening and blockchain analytics in place.

Description

A Wyoming-domiciled Money Services Business (MSB) registered with FinCEN is seeking a new banking relationship for its U.S.-based cryptocurrency OTC trading business.

The company operates a compliant crypto OTC desk serving individual and institutional clients and facilitates the purchase and sale of digital assets, including Bitcoin (BTC), Ethereum (ETH), USDT, and USDC. The business maintains a robust compliance framework that includes KYC/KYB verification, transaction monitoring, sanctions screening, blockchain analytics, and AML controls.

We are seeking a banking partner that is comfortable supporting a regulated crypto-related business and can provide: USD business operating accounts; Domestic and international wire capabilities; Online banking access; ACH services; Virtual account or reference payment capabilities (preferred); Support for incoming customer deposits via wire transfer for crypto OTC transactions; Support for crypto-related businesses with strong compliance programs.

Expected monthly volume ranges from $5 million to $10 million, with growth anticipated. Customer funds are received via wire transfer for the purpose of settling cryptocurrency purchases and sales. The company operates under a documented BSA/AML compliance program with an appointed Compliance Officer and maintains comprehensive customer due diligence procedures.