Company Information

Get to know Moonstone Bank

Originally founded in 1887 as Farmington State Bank, a small, single-branch community bank in Washington state, the company underwent a major transformation after receiving an $11.5 million investment from Alameda Research (the sister firm of FTX) in 2022. It rebranded as Moonstone Bank with a mission to become the banking partner of choice for crypto and fintech innovators. However, following the collapse of FTX and Alameda Research, the bank faced intense regulatory scrutiny. In January 2023, Moonstone Bank announced it would exit the crypto space and revert to its original name and community banking focus as Farmington State Bank.

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Financial BankingPRIMARY
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Moonstone Bank

United States

Founded in

2020 (6 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.