At Grasshopper Bank, cryptocurrency transactions and entities are prohibited.
What does this mean?
Grasshopper Bank cannot support the following:
- Accept cryptocurrency for deposit
- Store cryptocurrency
- Offer exchange options for cryptocurrency
- Trade cryptocurrency
- Purchase cryptocurrency
- Hold an account for the purpose of investing into or purchasing cryptocurrency
- Entities with funds derived from or to be used for cryptocurrency
- Entity whose business purpose is to gather funds to send to a cryptocurrency exchange, broker, or investment service
- Entity that receives funds from a cryptocurrency exchange or brokerage to distribute to other individuals or entities
- Any entity that is a cryptocurrency exchange or broker
- Any company with revenue that has been significantly derived from cryptocurrency exchange or sale
- Any company utilizing cryptocurrency as an asset management strategy
When you open an account at Grasshopper Bank, you attest that your entity is not involved in cryptocurrency. Grasshopper Bank reserves the right to close any accounts with or without notice if prohibited activity is observed.
For more information on prohibited activities and entity types, please refer to our Prohibited & Restricted Activities Guidelines or Master Service Agreement.
