Why Fintechs Are Pursuing Bank Charters in 2025

Financial technology (fintech) firms and crypto companies are increasingly applying for bank charters to expand operations and reduce borrowing costs. A bank charter provides these firms with legitimacy in the eyes of customers and regulators, while lowering the cost of doing business by allowing them to tap into deposits.

With the Trump administration signaling a more business-friendly approach, fintech firms are cautiously optimistic about obtaining bank charters. Industry experts predict that a deregulatory regime will encourage competition and open up opportunities for more fintechs to gain bank status.

Why Are Fintechs Seeking Bank Charters?

A bank charter provides several advantages to fintech companies, including:

Lower Cost of Capital: A charter enables fintech firms to access deposits, reducing their reliance on costly venture capital or high-interest borrowing.

Increased Legitimacy: Becoming a licensed bank boosts consumer trust and regulatory credibility, attracting more customers and investors.

Expanded Market Reach: Bank charters allow fintechs to offer a broader range of financial services, enhancing their competitive position.

According to Carleton Goss, a partner at Hunton Andrews Kurth, fintech companies applying for charters can significantly lower their borrowing costs, making it easier to grow and scale their businesses.

Trump Administration’s Pro-Growth Stance

The recent surge in charter applications follows signals from the Trump administration indicating a willingness to ease regulations and support innovation in financial services.

Nathan Stovall, director of financial institutions research at S&P Global Market Intelligence, noted that during Trump’s first term, there was an increase in charter applications. Industry experts expect a similar wave of applications under Trump’s current administration.

Federal Reserve Governor Michelle Bowman, nominated by Trump as vice chair for supervision, has advocated for faster approvals of bank charters to encourage competition and innovation.

Additionally, Travis Hill, acting chair of the Federal Deposit Insurance Corporation (FDIC), has publicly stated that the agency would promote charter applications to ensure a healthy pipeline of new entrants into the banking sector.

Regulatory Challenges Facing Fintech Charters

Despite the potential benefits, fintech companies face several challenges in obtaining bank charters.

High Costs and Compliance Requirements

Setting up a bank typically requires between $20 million and $50 million in initial capital, according to legal experts. Additionally, compliance with anti-money laundering (AML) laws and the Bank Secrecy Act poses significant hurdles for aspiring fintech banks.

Slow Approval Process

Historically, bank charter approvals have been slow, with applications sometimes taking years to process. Between 2010 and 2023, only an average of five bank charter applications were approved annually, compared to 144 per year between 2000 and 2007.

As fintech companies apply for charters, regulators remain cautious, emphasizing the need for thorough scrutiny to maintain financial stability. Nigel Moden, global banking and capital markets leader at EY, pointed out that while regulatory processes remain rigorous, there are hopes that the turnaround time for applications will improve under the current administration.

Recent Charter Approvals Signal Growing Momentum

A notable sign of momentum came when SmartBiz, a fintech firm, received approval to acquire Centrust Bank, a Chicago-based community bank. This acquisition granted SmartBiz a national bank charter, marking the first approval of its kind since 2021.

Industry insiders view this approval as a positive sign that more fintechs could follow suit, paving the way for greater competition and innovation in the banking sector.

Fintechs and Crypto Firms Eyeing Bank Status

Several fintech and crypto companies have shown interest in obtaining bank charters to diversify their offerings and gain regulatory credibility. Industry experts highlight that these companies want to “get ahead of the curve” by securing licenses that could reduce operational costs and provide a competitive advantage.

Alexandra Steinberg Barrage, a partner at Troutman Pepper Locke, noted that many fintech clients are “cautiously optimistic” about the prospects of securing bank charters in the current regulatory environment.

Impact on Banking Industry Competition

If more fintechs successfully obtain bank charters, it could reshape the financial services landscape by introducing specialized banks that cater to specific customer segments and regions. This increased competition could benefit consumers by driving down costs and fostering innovation.

However, experts caution that while fintechs may inject competition into the banking sector, the number of U.S. banks is still expected to decline due to an anticipated rebound in mergers and acquisitions among regional lenders.

Outlook for Fintech Bank Charters in 2025

As fintech and crypto companies navigate the charter application process, industry observers remain optimistic about the future. With the Trump administration’s pro-business stance and regulators signaling a willingness to facilitate innovation, fintech firms have a unique opportunity to expand their influence in the financial services sector.

While challenges remain, including high capital requirements and stringent regulatory scrutiny, the potential benefits of a bank charter—lower capital costs, increased legitimacy, and broader market reach—make it an attractive option for fintechs looking to secure a stronger foothold in the industry.

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MEXC Launches DEX+: One-Stop Platform For Seamless On-Chain and Off-Chain Trading

VICTORIA, Seychelles, March 18, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency exchange, announced the launch of DEX+, the market’s first innovative CEX and DEX hybrid product that provides a seamless, one-stop experience for both on-chain and off-chain trading. This development marks a significant milestone in the evolution of hybrid crypto trading platforms. DEX+ allows users to trade directly on decentralized exchanges (DEXs) through the MEXC app and website, offering access to a wide range of on-chain assets. The initial version of DEX+ will support the Solana ecosystem, enabling users to trade over 10,000 tokens available on Raydium and pump.fun, with future expansion to additional DEXs and blockchain networks.


MEXC Launches DEX+: One-Stop Platform For Seamless On-Chain and Off-Chain Trading

DEX+ stands out by addressing many of the common pain points faced by users on traditional DEX platforms. Conventional DEX interfaces require users to navigate multi-step interactions with complex on-chain processes such as token approvals, transaction signings, and cryptocurrency swaps. MEXC’s DEX+ simplifies this process entirely. Users can transfer funds directly into their DEX+ account and execute buy and sell orders without dealing with intricate on-chain operations. This approach makes decentralized trading more accessible, especially for new crypto users.

“MEXC’s DEX+ bridges the gap between centralized efficiency and decentralized freedom. Despite the growing popularity of DEXs, the lack of user-friendly interfaces and high transaction fees remain a significant hindrance to widespread adoption. Through DEX+, MEXC aims to solve these issues by providing a familiar, CEX-like trading experience while retaining the benefits of accessing on-chain assets. Users can seamlessly switch between centralized exchange and DEX+ features,” said Tracy Jin, COO of MEXC.

MEXC is dedicated to offering a diverse range of accessible assets through its listing strategy and innovative products, all while ensuring top-tier security for its users. MEXC delivers comprehensive custodial wallet management for DEX+ users, ensuring security at an institutional level. Additionally, the platform offers Proof of Reserves, ensuring asset integrity and exceptional transparency. Users’ assets are backed 1:1, and customer fund compensation requirements are fully covered. This dual-layer protection ensures unmatched security for user assets.

Furthermore, MEXC announced its collaboration with GoPlus, an independent third-party security provider that inspects the safety of all trading pairs listed on the platform. This added measure boosts user confidence and transparency, allowing them to trade with greater assurance and peace of mind.

Moving forward, MEXC’s DEX+ is expected to play a pivotal role in the continued growth of DeFi and DEX ecosystems. As more users transition toward decentralized trading platforms, integrating CEX and DEX models will become increasingly important. With DEX+, MEXC strives to stand at the forefront of this innovative trend.

To celebrate the successful launch of DEX+, MEXC is pleased to announce its incentive program: new users completing trades of 100 USDT or more on the DEX+ platform will be eligible to receive a 20 USDT reward. For more details, please visit: https://www.mexc.com/dex-rewards.

About MEXC

Founded in 2018, MEXC is dedicated to being “Your Easiest Way to Crypto.” Known for its extensive selection of trending tokens, airdrop opportunities, and low fees, MEXC serves over 34 million users across 170+ countries. With a focus on accessibility and efficiency, our advanced trading platform appeals to both new traders and seasoned investors alike. MEXC provides a seamless, secure, and rewarding gateway to the world of digital assets.

For more information, visit: MEXC Website?X?Telegram?How to Sign Up on MEXC

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Trump’s Crypto Policy: A Game Changer for Investors?

U.S. President Donald Trump has made it clear that he intends to position the United States as the “crypto capital of the planet.” His administration has already taken significant steps to promote digital assets, including appointing a cryptocurrency czar and issuing executive orders to enhance the country’s leadership in financial technology. One of the most striking moves is the creation of a strategic Bitcoin (CRYPTO:BTC) reserve, signaling a shift toward legitimizing digital assets as mainstream financial instruments.

For investors, this policy shift raises several questions: Will regulatory clarity boost crypto adoption? How will this impact digital asset prices? And most importantly, is cryptocurrency a safer investment under Trump’s leadership?

Young Investors Are Betting on Crypto

Trump’s crypto-friendly stance has encouraged a new wave of investor enthusiasm, particularly among younger generations. A 2024 survey by market research firm YouGov Dot Com Ltd. revealed that 42% of Gen Z investors in the U.S. own cryptocurrency, compared to 36% of millennials, 24% of Gen X, and only 8% of baby boomers.

For many young investors, Trump’s endorsement of digital assets reinforces their belief in crypto’s long-term viability. With the president advocating for clearer regulations and potential government-backed reserves, some see this as a green light to increase their holdings. Even in Canada, where regulations differ, Trump’s influence is sparking increased interest in the sector.

Bitcoin’s Rollercoaster Ride Under Trump

Despite Trump’s backing, Bitcoin has had a volatile year. After initially soaring past US$100,000 following his election victory, it has since faced sharp fluctuations, dipping below US$80,000 before rebounding. The unpredictability of Bitcoin underscores the speculative nature of cryptocurrency, which remains highly sensitive to macroeconomic factors and regulatory changes.

Beyond Bitcoin, investors are also exploring alternative digital assets, including Ethereum (CRYPTO:ETH) and meme coins tied to Trump’s persona. While these assets may offer short-term gains, they also come with heightened risks, as their value can be driven more by social sentiment than fundamental utility.

Regulatory Uncertainty: A Double-Edged Sword

One of the biggest unknowns surrounding Trump’s crypto policy is how regulation will evolve. While his administration appears to favor innovation, the regulatory landscape remains fluid. The U.S. Securities and Exchange Commission (SEC) has softened its stance on certain crypto assets but continues to crack down on unregistered securities and fraudulent projects.

Trump’s plan to establish a strategic Bitcoin reserve may also impact market dynamics. If the U.S. government becomes a significant Bitcoin holder, it could add a layer of stability to the asset. However, it may also increase government control over digital currencies, potentially limiting some of the decentralization benefits that attract investors to crypto in the first place.

Risks and Opportunities for Crypto Investors

For those considering investing in cryptocurrency under Trump’s leadership, there are both opportunities and risks:

Potential for Regulatory Clarity: If Trump follows through on his commitment to pro-crypto policies, clearer regulations could attract institutional investors, driving market growth.

Government Involvement: The U.S. Bitcoin reserve could add legitimacy to digital assets, but it also raises concerns about government influence over the market.

Market Volatility: Despite growing adoption, cryptocurrency remains a high-risk asset. Investors should be prepared for price swings.

Security and Fraud Risks: While crypto offers opportunities, it is still vulnerable to hacks, scams, and unregulated markets.

Final Thoughts

Trump’s crypto policy is making waves in the digital asset space, but investors should tread carefully. While his administration’s support may boost confidence in the market, cryptocurrency remains speculative and highly volatile. Those interested in investing should conduct thorough research, consider their risk tolerance, and stay informed on regulatory developments.

For now, one thing is clear—Trump’s influence on crypto is reshaping the landscape, and investors will need to navigate both the opportunities and challenges that come with it.

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MEXC Launches DeepLink Protocol (DLC) with Spot and Futures Trading, Offering 16,000,000 DLC & 149,000 USDT to Fuel Decentralized Cloud Gaming

VICTORIA, Seychelles, March 17, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency exchange, announced the listing of DeepLink Protocol (DLC) on both spot and futures markets, scheduled for March 18, 2025, at 12:00 (UTC). To celebrate the launch, MEXC is introducing an Airdrop+ rewards pool totaling 16,000,000 DLC & 149,000 USDT, reinforcing its commitment to supporting cutting-edge blockchain projects.


MEXC Launches DeepLink Protocol (DLC) with Spot and Futures Trading, Offering 16,000,000 DLC & 149,000 USDT to Fuel Decentralized Cloud Gaming

Powering Decentralized Cloud Gaming: DeepLink Protocol (DLC) Now Listed on MEXC

DeepLink Protocol is a decentralized cloud gaming platform powered by AI and blockchain technology, merging Artificial Intelligence, GPU computing, Real-World Asset (RWA) Tokenization, and Decentralized Physical Infrastructure Networks (DePINs) into a unified ecosystem. With ultra-low-latency game rendering, DeepLink enables cloud-based esports, cybercafés, AAA gaming, and immersive virtual experiences, enhancing resolution and clarity through AI-driven optimization. Backed by leading investors such as Amber, DePIN X, and NeoVentures, and with 2.6 million+ users and 1.4 million+ DLC holders, DeepLink is rapidly scaling its ecosystem and sponsoring major blockchain events like WebX, KBW, and TOKEN 2049.

As a global exchange, MEXC actively supports projects across sectors such as gaming, AI, and DePIN by providing market access, liquidity, and broader exposure. By listing DeepLink Protocol (DLC), MEXC enables more users to capture the investment opportunities in this sector, contributing to the expansion of decentralized gaming within the Web3 ecosystem. Beyond listing, MEXC plays a key role in helping emerging projects build market traction. With an active trading community and deep liquidity, MEXC will support the growth of DLC, ensuring accessibility for both retail and institutional participants. Additionally, through marketing initiatives, ecosystem collaborations, and trading events, MEXC enhances DLC’s visibility, driving engagement among Web3 users and expanding its adoption. By integrating DLC into its diverse asset offerings, MEXC continues to provide a launchpad for innovative projects, bridging blockchain technology with real-world applications.

Celebrate the DLC Listing with a 16,000,000 DLC & 149,000 USDT Prize Pool

MEXC continues its mission to support innovative blockchain projects by listing DeepLink Protocol (DLC) in the Innovation Zone on March 18, 2025, at 12:00 (UTC). The DLC/USDT spot market will be available first, followed by the DLC USDT perpetual futures launch at 12:10 (UTC), offering up to 50x leverage in both cross and isolated margin modes.

To mark the occasion, a 16,000,000 DLC & 149,000 USDT prize pool will be available through a series of exclusive events from March 17, 2025, at 10:00 (UTC) to March 27, 2025, at 10:00 (UTC).

Event 1: Airdrop+ Rewards

  • Deposit and share 10,000,000 DLC & 99,000 USDT (New user exclusive)
  • Futures Challenge — Trade to share 50,000 USDT in futures bonuses (Open to all users)
  • Invite friends and share 6,000,000 DLC (Open to all users)

Event 2: Spread the Word and Win DLC Rewards

  • Share the Airdrop+ event on social media between March 17 – March 23, 2025, and win additional DLC rewards.

Your Easiest Way to Trending Tokens

MEXC aims to become the go-to platform offering the widest range of valuable crypto assets. The platform has grown its user base to 34 million by offering a diverse selection of tokens, high-frequency airdrops, competitive fees, and comprehensive liquidity. In 2024, MEXC launched a total of 2,376 new tokens, including 1,716 initial listings and 605 memecoins, with total airdrop rewards exceeding $136 million.

About MEXC

Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto“. Serving over 34 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

MEXC Official Website? X ? Telegram ?How to Sign Up on MEXC

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BC.GAME Kicks off IPL 2025 Global Celebration with Million-Dollar Prize Pool

NICOSIA, Cyprus, March 14, 2025 /PRNewswire/ — As the 2025 Indian Premier League (IPL) season approaches, crypto igaming platform BC.GAME is launching a series of promotions offering over $100,000 in prizes. Throughout the tournament, users can win free bets and cash prizes through a variety of activities, including leaderboard challenges, prediction contests, and deposit bonuses.


BC.GAME kicks off IPL 2025 with a million-dollar prize pool and exclusive rewards

IPL Preseason Prediction: Free Bets on Early Calls

Between March 14 and March 21, players are invited to take a free prediction challenge before the IPL season begins. Predict the IPL champion and top four teams to win free bets. Test your predictions and earn bonuses before the action begins.

IPL 2025 Main Events: More than $100,000 in Rewards are Available

$35,000 Prize Pool Giveaway (March 22 – Final Match) – Bet on IPL matches to help unlock a $35,000 prize pool. Every $1 wagered earns one point, which adds to the total for all players. As milestones are accomplished, prize pools of $5,000, $10,000, and $20,000 become available at various tournament stages.

IPL Rank Leaderboard (March 22 – Final Match) – Progress through the standings by betting on IPL games. The best 50 players each week get free bets, and the top 100 at the end of the season share cash prizes. 1 point for every $1 wagered, with additional points for victories.

Prediction Challenge (March 22 – Final Match) – Predict the wins of IPL matches to get free bets. One successful pick results in a prize, with larger free bets at 3, 7, 15, and 30 wins—up to $30.

IPL Deposit Frenzy (March 22 – Final Match) – Deposit daily to receive free bets and cash rewards. Reach specific streaks to gain further bonuses, while depositing throughout the IPL season earns you a $50 cash prize.

IPL’s Impact on Sports Betting

The Indian Premier League (IPL) has cemented its status as one of the world’s most-watched cricket leagues, drawing major interest from both fans and betting markets. In 2024, the IPL had a record overall viewership of 546 million on Star Sports and 620 million on JioCinema, representing an 18% increase over the previous season.

This boost in viewing has been followed by a significant increase in betting activity surrounding the competition. Betting companies have responded by expanding their products to satisfy rising demand, mirroring a larger trend of sportsbooks launching targeted incentives around key athletic events. BC.GAME’s latest project follows this trend, aiming to increase user engagement during the IPL season.

More information on eligibility and terms can be found on the official BC.GAME website.

About BC.GAME

BC.GAME is a pioneering crypto igaming platform that combines blockchain technology and bitcoin to provide a unique and transparent gaming experience. Its sportsbook offers various betting markets across major leagues and tournaments, with competitive odds and convenient live betting alternatives. With a focus on innovation, BC.GAME is expanding its sports betting products to cater to a growing community of crypto sports aficionados.


(PRNewsfoto/BC.GAME)

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