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Star Bank of Indiana Launches Bitcoin Trading Services

Star Financial Bank (Star Bank) claims to have become the first bank in the state of Indiana, United States, to offer bitcoin services to its customers. The services will be offered through the platform of the New York Digital Investment Group and Alkami. Customers will be able to buy and sell bitcoins through the Star Mobile Banking app.

“First Bank in the State of Indiana to Offer Bitcoin Trading Services”

Star Financial Bank (Star Bank) announced on Tuesday:

Star is happy to offer customers the ability to buy and sell Bitcoins through the Star Mobile Banking app.

“We are launching this new offering in closed beta,” added the bank.

Star Bank is an Indiana-based community bank. Its parent company, Star Financial Group, has $ 2.80 billion in assets with 36 locations in central and northeastern Indiana, according to its website.

Bitcoin services are provided by the New York Digital Investment Group (NYDIG) through Alkami, a provider of cloud-based digital banking solutions for US banks and credit unions. NYDIG is the bitcoin investment arm of Stone Ridge Asset Management.

According to the announcement posted on the Star Bank website:

Star Bank is the first bank in the state of Indiana to offer bitcoin trading services to its clients.

Customers of the bank will have the ability to “acquire, sell, hold and manage bitcoin alongside their traditional assets,” according to the details of the announcement.

Alkami Founder and Chief Strategy and Sales Officer Stephen Bohanon explained that his company “helps financial institutions succeed in digital banking by delivering the most advanced cloud-based digital banking platform in the world. Marlet”. He said: “Early adopters of the technology recognize the importance of seizing the opportunities of bitcoin.”

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