Summary: Northern Trust Bank does yet not offer cryptocurrency trading on its platform. To buy Bitcoin or other cryptocurrencies, you have to use FinCEN regulated exchanges like eToro and Uphold. They are perfect for beginners who look for a secure way to buy 100s of digital assets and cryptocurrencies. You can get started by signing up (takes a few minutes) and then making your first deposit via bank transfer or with credit/debit card!
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Northern Trust does not have the infrastructure to enable its customers to buy and sell Bitcoin or other cryptocurrencies.
Clients of Northern Trust who want to buy cryptocurrencies have to use third-party exchanges that are regulated like eToro and Uphold.
Step one is to signup for a regulated and safe cryptocurrency exchange like eToro and Uphold and deposit funds via bank or card transfer.
With most banks, bank deposits are free of charge and the funds usually arrive in one business day.
Both eToro and Uphold offer beginner-friendly platforms with 100s of digital assets and cryptocurrencies to invest in.
This include cryptos like Bitcoin, Ethereum, Solana, Arbitrum, Cosmos, Polkadot, Cosmos and many many others.
1. Create Account: Signup and add your identity verification
2. Deposit Funds: Via your Northern Trust account or credit/debit card
3. Start Buying: Once your deposit has arrived in your account
Clients of Northern Trust have not been able to get exposure to the cryptocurrency space, but that is about to change.
Pete Cherecwich, president of Asset Servicing at Northern Trust said earlier this year,
“Clients are increasingly interested in the development of digital markets and investing in digital assets, alongside allocations to more traditional asset classes such as equities, fixed income, alternatives, and private assets. Rather than create separate business lines, by aligning our focus on digital and traditional markets together, we can continue to develop services and capabilities that truly reflect and enable our clients’ evolving investment strategies.”
Northern Trust has established a new group dubbed the Digital Assets and Financial Markets Group, to make it easier for investors in traditional finance to get into crypto.
Earlier this year, Northern Trust partnered with Standard Chartered to launch a crypto custody subsidiary, Zodia Custody.
Northern Trust’s crypto custody service is designed to provide institutional investors with a secure and compliant way to store digital assets.
This service will be offered through its Luxembourg-based subsidiary, Northern Trust Luxembourg, which is regulated by the Commission de Surveillance du Secteur Financier (CSSF).
Northern Trust is one of the largest banking institutions in the United States with headquarters in Chicago. They have offices in 19 countries and more than 20,000 employees worldwide.
Northern Trust provides tailored financial services to high-net-worth individuals, corporations, and institutional investors.
The firm provides asset management, wealth management, and asset servicing services.
Northern Trust’s wealth management services include providing advice and guidance to its clients in managing their wealth.
The firm provides financial planning, wealth planning, and estate planning services to its clients.
The company has a history of providing quality services to its clients and has been recognized as one of the world’s most admired companies by Fortune Magazine.
They have over $1.5 trillion in assets under management that generated revenues of over $6 billion.
+3000 Cryptos, Stocks, ETFs
0% Fees on Stocks & ETFs
30M Users & 140 Countries
Regulated & Safe Platform
