Mercuryo launches personalized private crypto banking solution, Mercuryo Pro

Rick Steves

“Our approach with Mercuryo Pro is a testament to the growing demand for a seamless bridge between traditional and web3 financial experiences. We aim to offer a solution that redefines the landscape of crypto banking, making these financial services more accessible, secure, and tailored to the individual needs of our clients.”

Mercuryo has launched Mercuryo Pro, a personalized private crypto banking solution that aims to cater to a broader audience, including high-net-worth individuals and companies.

It allows users to buy and sell cryptocurrencies like BTC, ETH, SOL, and euro-backed stablecoins for fiat currency without upper limits.

Mercuryo Pro requires KYC and KYB processes

Initially developed in collaboration with Ledger, Mercuryo Pro distinguishes itself by combining decentralized finance principles with a personalized concierge service. Clients have control over their keys and funds while receiving guidance from a dedicated, non-automated human concierge. This service ensures a high level of customization and support throughout the transaction process.

The platform emphasizes security and compliance, requiring clients to complete Know Your Customer (KYC) and Know Your Business (KYB) processes. Clients receive 24/7 support from their concierge, ensuring a responsive and personal experience.

Addressing challenges faced by European users, Mercuryo Pro assists in opening IBAN accounts and simplifies fiat transfers to crypto platforms. This approach enhances the overall user experience.

Redefining crypto banking

Petr Kozyakov, Сo-founder and CEO of Mercuryo, said: “Our approach with Mercuryo Pro is a testament to the growing demand for a seamless bridge between traditional and web3 financial experiences. We aim to offer a solution that redefines the landscape of crypto banking, making these financial services more accessible, secure, and tailored to the individual needs of our clients.”

Jean-Francois, VP of Transaction Services at Ledger, commented: “We’re delighted to work with Mercuryo to expand their offering to a broader audience. Accessibility is a key strategy for Ledger in a crucial year for our industry, and working with partners like Mercuryo who understand the importance of this is essential, particularly when they also place a high value on security.”

In the past few years, FinanceFeeds covered Mercuryo and its partnerships extensively. The firm offers a global gateway to fiat and the crypto world, which enables crypto on- and off-ramps for your customers to buy and sell digital currencies. The Estonian-based fintech company supports several payment methods, including Visa, Mastercard, Google Pay, and Apple Pay. The verification process usually takes up to 10 minutes and after checking the documents, Mercuryo allows users to buy and sell crypto freely. With no-KYC, users can purchase small amounts of cryptocurrencies without the extra step of verifying the identity.

  • Read this next

    Inside View, Uncategorized

    Why retail brokers are launching prime services

    Insights are provided by leading industry experts, including Elina Pedersen, Co-CEO & CRO of Your Bourse; Andrew Saks, Chief Product Officer at TraderEvolution; Natalia Zakharova, Head of Business Development at FXOpen; and Jay Mawji, CEO of Infinox.

    Institutional FX

    Cboe to launch MSCI-based options and volatility indices

    “We are excited to expand our Cboe-MSCI toolkit with additional index options and volatility indices – an enhancement that will not only broaden our customers’ product choice, but also enrich the ways they interact with and analyze the global markets.”

    Fintech

    Traxys taps Quantifi for risk management in commodities trading

    “We wanted to take a more sophisticated approach to risk management and have a consolidated view of risk exposures across our global operating model. Quantifi was our preferred choice as it has a track record of success in the commodities markets.”

    Digital Assets

    Startale Labs Secures Funding for Web3 Expansion

    Startale Labs, a leader in Japan’s Web3 development, including Astar Network and Startale Web3 Cloud, has raised an additional $3.5m from UOB Venture Management and Samsung Next. This seed extension round boosts their total seed funding to $7m, following a $3.5m investment from Sony Network Communications in June 2023.

    Retail FX

    XS.com acquires South African broker Ubutyebi Financial Services

    XS.com, the multi-regulated financial services provider, has made a strategic move to expand its presence in Africa by acquiring Ubutyebi Financial Services, a licensed Financial Service Provider (FSP) in South Africa regulated by the Financial Sector Conduct Authority (FSCA).

    Digital Assets

    Hong Kong advances legislation on stablecoins and crypto trading

    Hong Kong is moving forward with legislation to regulate stablecoins and crypto over-the-counter (OTC) trading in the latest effort to develop a legal framework to service the city’s digital-asset industry.

    Digital Assets

    Do Kwon to be extradited to US as South Korea request overturned

    Terraform Labs co-founder Do Kwon is set to be extradited to the United States to face fraud charges related to massive losses suffered by U.S. investors due to its algorithmic stablecoin collapse.

    Retail FX

    Prop firm Instant Funding pauses US accounts, citing ThinkMarkets ban

    Proprietary trading firm Instant Funding has become the latest retail platform to halt onboarding new US clients, citing a recent decision by their partner broker, ThinkMarkets.

    Retail FX

    Funded Trader and Alpha Capital switch to cTrader, Lark Funding to DXTrade

    Proprietary trading firms Lark Funding and Alpha Capital have both announced changes to their operations that mainly affect their business with US clients.

    <