Bitcoin Exchange
Enable your bank's customers to purchase and sell Bitcoin within the familiar and secure relationship of your bank.
Enable your bank's customers to purchase and sell Bitcoin within the familiar and secure relationship of your bank.
Your customers want to buy Bitcoin from their trusted bank. Galoy helps you capture this demand with compliant infrastructure that turns customer demand into institutional revenue.
A growing number of your customers want to buy BTC through their existing bank relationship.
Act as an intermediary without taking on market risk exposure. Supports the riskless principal model described in OCC Interpretive Letter 1188.
Customer Bitcoin is stored with your qualified custodian of choice. Your institution maintains full control over customer asset safekeeping.
Everything your institution needs to offer Bitcoin exchange services
Execute customer buy/sell orders as a riskless principal. Your institution facilitates the trade without taking on market exposure.
Transparent, real-time Bitcoin pricing with configurable spread management. Your institution controls the fee structure.
Purchased Bitcoin settles directly to your institution's qualified custodian. Full control over customer asset safekeeping.
Built-in transaction logging, audit trails, and reporting hooks for regulatory examination requirements.
Leverage your existing KYC/AML processes. Customers use their existing bank accounts to fund Bitcoin purchases.
New fee revenue stream from Bitcoin transactions. Configurable pricing with full visibility into margins.
Customer initiates a buy or sell order through your banking interface.
Galoy executes the trade as a riskless principal, matching the customer order with market liquidity.
Bitcoin settles to the customer's account at your qualified custodian. Fiat settles through your existing rails.
Full audit trail generated. Transaction data flows to your compliance and reporting systems.
Galoy deploys as a sidecar alongside your existing banking core, whether you run Jack Henry, FIS, Fiserv, or another platform. No core replacement required.
Our API-first architecture integrates through your core's existing fintech integration pathways, feeding transaction data back to your general ledger and compliance systems automatically.
Common questions about offering Bitcoin exchange through your bank
Under a riskless principal model, described in OCC Interpretive Letter 1188, the bank executes a customer buy or sell order by simultaneously taking an offsetting position in the market. The institution stands in the middle of the trade for a brief moment to facilitate execution but does not warehouse Bitcoin inventory or take on directional market exposure. The bank earns a spread on each transaction without the balance sheet risk of operating as a dealer.
The customer initiates a buy order through the bank's existing interface using funds in their deposit account. Galoy quotes a real-time price including the bank's configured spread, the customer confirms, and Galoy executes the trade against market liquidity as a riskless principal. The purchased Bitcoin settles into the customer's account at the bank's qualified custodian, and the trade appears on the customer's bank statement alongside other activity.
No. The riskless principal model is built specifically to avoid holding directional Bitcoin inventory. Each customer order is matched with an offsetting market trade in near real time, so the bank is not exposed to overnight Bitcoin price movements. Customer Bitcoin holdings sit with the bank's qualified custodian and are tracked as customer assets, segregated from any bank principal positions.
Fee and spread structure is configured by the institution. Banks set the spread applied to market price, optional fixed or percentage transaction fees, and tiering by customer segment or order size. Galoy surfaces real-time pricing, margin per trade, and aggregate revenue in the operations dashboard. The institution retains full visibility into pricing economics on every transaction and can adjust spread rules without re-integration.
Every trade generates a full audit record covering customer identity, order details, execution price, market reference price, spread, fees, and settlement timing. Galoy provides transaction monitoring hooks, suspicious activity flagging, and 1099 reporting data that integrate with the bank's existing AML and tax reporting systems. Customer trade history appears on consolidated bank statements rather than a separate exchange statement, simplifying customer reporting and examiner review.
See how Galoy can help your institution offer Bitcoin services.