A number of top global banks are still willing to work with
crypto firms, according to a CoinDesk report.
Messages viewed by the news outlet, from its parent company
Digital Currency Group, suggest there have been positive responses from the
likes of Santander, HSBC and Deutsche Bank.
Incidentally, HSBC's British arm snapped up the U.K. division
of Silicon Valley Bank for £1 — that's $1.21 — on Monday.
It's also been revealed that DCG has made contact with
BlackRock, JPMorgan and Bank of America.
Many crypto firms are looking for new banking partners after
Silicon Valley Bank, Silvergate and Signature all went under in the space of a
week.
They enabled exchanges and other businesses to transact
instantaneously and 24/7 — offering an alternative to the restricted hours of
traditional banks.
According to a CoinDesk story, a handful of prestigious
international banks are still open to collaborating with crypto businesses.
According to messages obtained by the news organization from
its parent business Digital Currency Group, financial institutions like
Santander, HSBC, and Deutsche Bank appear to have responded favorably.
By the way, on Monday, the British branch of HSBC purchased
Silicon Valley Bank's U.K. division for £1, or $1.21.
Also disclosed is the fact that DCG has spoken with Bank of
America, JPMorgan, and BlackRock.
With the failures of Silicon Valley Bank, Silvergate, and
Signature within a week, many cryptocurrency companies are searching for new
banking partners.
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