Banks Step Up to Serve Crypto Firms After Signature, Silvergate Blowups

Banks Step Up to Serve Crypto Firms After Signature, Silvergate Blowups

By

Alexander Osipovich

,

Rachel Louise Ensign

and

Vicky Ge HuangMarch 27, 2023 5:30 am ETSome banks are rolling out the welcome mat for cryptocurrency firms that found themselves in need of banking services after the downfall of two big crypto-friendly lenders, Signature Bank and Silvergate Capital Corp.

As crypto companies have scrambled to establish new bank relationships, industry executives say they have received a positive reception from regional banks such as Customers Bancorp., based in West Reading, Pa., and Fifth Third Bancorp, based in Cincinnati.

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