Customers have made banks a popular choice for cryptocurrency companies seeking to open bank accounts
06/10 21:50
As US banks become more cautious about processing wire transfers and holding deposits for the crypto industry, smaller regional lenders are stepping in to fill the gap. Customers Bancorp has become a popular destination for crypto firms looking to open bank accounts, while Swiss and Asian banks are also playing a bigger role. In the UK, companies are turning to payment-service providers instead of traditional banking services. The result is a more fragmented and less advertised system that could be more resilient due to diversification of banking-service providers.
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