Crypto banks are going to swallow fiat banks in 3 years

Within a few years, a younger generation of financial services customers are going to be able to walk into a bank and gain access to credit products, savings accounts and investments that can host both crypto and fiat assets.

That's why now is the time for traditional banks that are lagging behind to start paying attention.

That's still a small amount of money relative to the market capitalizations of most major banks or even most major cryptocurrencies for that matter.

Consumers will soon define a "Full service" bank as one that offers financial services in both crypto and fiat.

The time to start acquiring the necessary tools of the crypto banking trade is right now.

In order for banks to do that with cryptocurrency, they will need blockchain explorers and risk scoring tools that can go a step further than the current publicly provided services.

The average banking customer isn't going to engage with decentralized finance protocols for decades.

The average person is likely still going to want to talk to a banker from time to time, even if they hold most of their wealth in the form of cryptocurrency.

Any bank still approaching cryptocurrency with trepidation over the next 18 months is at risk of finding itself dead in the water at the hands of Kraken and other banks that jump on board and take the plunge.

Now is the time for traditional fiat banks to engage in empowering the individual with greater access to crypto.