BankProv has announced a strategic partnership with Rocketplace cryptocurrency exchange to offer crypto-friendly banking solutions and Banking-as-a-service infrastructure for users.
Based on the partnership deal, Rocketplace will take advantage of the innovative banking solution from BankProv. It will enable the California-based company to access core banking.
On the other hand, Rocketplace users can enjoy features like depositing, trading, and quick withdrawal of funds. Both companies will combine the benefits of traditional banking features and commission-free cryptocurrency exchange to provide a seamless investment management experience.
Rocketplace will be integrating the deposit and payment service of BankProv into its digital asset trading platform, according to the partnership deal.
The Partnership To Offer Improved Crypto Trading Services
BankProv is a subsidiary of Provident Bancorp and will power On and Off-Ramps to provide a bridge between fiat currency and cryptocurrencies. This will enable Rocketplace’s users to quickly deposit, trade, and withdraw their funds.
Chief Executive Officer of BankProv, Dave Mansfield, stated that the commission-free trading offered by Rocketplace will change the game for digital asset platforms.
Rocketplace is equipped to provide the high needs of consumers via fast commission-free trading and instant deposits, as they offer an improved trading experience for consumers. Mansfield says BankProv’s partnership with Rocketplace will enable the firm to enjoy these benefits.
“Digitally native consumers are demonstrating a clear preference for services that offer speed and trust, Chief Executive Officer of Rocketplace, Louis Beryl, said.
A Rare Partnership That Offers Support For Crypto-Related Business
The collaboration between the two companies is one of the first that offers support to crypto-related businesses, using banking as a solution. Mansfield added that the partnership is further proof that the firm is focused on its mission to provide much-needed banking services in the industry.
Rocketplace believes that crypto assets are asset classes that should be approachable and available for investment by all investors. The platform allows novice traders to learn while making money from their crypto investments. It also provides the right trading environment with all the right tools for experienced investors.
Rocketplace offers commission-free buying and selling, simple trading tools, same-day trading for new users, and free industry research. The company is backed by leading investment firms like Combine VC, Accomplice VC, and Better Tomorrow Ventures.