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BankProv Partners with Rocketplace to Support Crypto Trading Platform
Abstract：BankProv, the 10th oldest existing bank in the United States has announced a partnership with Rocketplace, a California-based cryptocurrency exchange, to provide Banking-as-a-Service infrastructure and crypto-friendly banking solutions for its crypto trading platform.
Rocketplace will utilize BankProv's Banking as a Service (BaaS)
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Rocketplace, a cryptocurrency platform serving retail investors in the United States. will utilize BankProv's Banking as a Service (BaaS) offering to support its need for access to core banking services, including white-labeled deposit products and payment rails.
BankProv, legally operating as The Provident Bank since its founding in 1828, and a subsidiary of Provident Bancorp, Inc. (NASDAQ: PVBC), will power On and Off-Ramps to bridge the gateway from fiat (USD)-crypto, allowing Rocketplace users to quickly deposit, trade, and withdraw funds.
Louis Beryl, the CEO and Co-Founder of Palo Alto-based Rocketplace, said:
“Digitally native consumers are demonstrating a clear preference for services that offer speed and trust.”
“By partnering with BankProv, Rocketplace is equipped to meet this consumer demand through instant deposits and fast, commission-free trading of their favorite cryptocurrencies.”
Dave Mansfield, CEO of BankProv, added:
“Rocketplace's commission-free trading will change the game for digital asset platforms”
“This partnership is one of the first in the industry to support a crypto-related business with banking as a service solution – further solidifying our mission to provide much-needed banking services to the industry.”
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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