Can a crypto exchange open a Mercury account?

The wider picture

The key points from the guide this answer comes from:

1. "Crypto friendly" isn't a licence or a legal term. Check three things: whether the provider serves your exact activity, whether it can hold stablecoins, and whether it can pay third parties.
2. As of November 2026, Customers Bank, AMINA Bank, Bank Frick and Xapo Bank are banks that say they work with crypto businesses. Each has limits, and Xapo's institutional account doesn't allow third-party payments.
3. Mercury and Slash are fintechs on partner banks, not banks. Mercury holds fiat only and doesn't take exchanges or money services businesses.
4. Wise doesn't serve businesses involved in cryptocurrency. Align isn't a bank either: it's an account for registered companies that holds USD, EUR, GBP and AED next to USDC, USDT and EURC.
5. Big UK banks, including Barclays, NatWest, HSBC and Santander, limit payments to crypto exchanges. NatWest's limits apply to business customers, and Barclays counts business-account payments toward its monthly total.

More questions on this

• Which banks work with crypto companies?
• Are there crypto friendly banks in Europe for business?
• Is Align a crypto friendly bank?

The full guide

Crypto friendly isn't a licence. Customers Bank, AMINA Bank, Bank Frick and Xapo Bank are banks that work with crypto businesses; Mercury, Slash, BCB Group and Align aren't banks. Choose by what you do, what you hold and whether you can pay third parties.

Read Crypto friendly banks for business: accounts for crypto companies compared, with its sources.

General information, not legal, tax or financial advice. Rules and providers' terms change; check the sources in the guide and take advice on your own situation.