cryptonews: A number of top global banks are still willing to work with crypto firms, according to a CoinDesk report. 🧐
They enabled exchanges and other businesses to transact instantaneously and 24/7 — offering an alternative to the restricted hours of traditional banks.
Some businesses are now looking beyond the U.S. — and are seeking banking partners in Switzerland and parts of Asia. There have also been murmurings that some exchanges may consider launching their own banking facilities, but this could attract a stern response from regulators."The closures of Silvergate, SVB, and Signature create a huge gap in the market for crypto-friendly banking. There are many banks that can seize this opportunity without taking on the same risks as these three. The question is if banking regulators will try to stand in the way.
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