The Biggest International Banks Suggest They're Still Ready to Collaborate with Bitcoin Companies
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.
They provided an alternative to the limited hours of conventional banks by enabling exchanges and other businesses to transact instantly and around-the-clock.
Some companies are currently searching outside of the United States for banking partners in Switzerland and some regions of Asia.
There have also been rumors that certain exchanges may explore starting their own banking operations, but regulators might take this very seriously.