Cryptocurrency Q&A
What happened to crypto banks?
What happened to crypto banks?
RiderWhisper
Sun Nov 24 2024
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5 answers
1045
I've been hearing a lot about crypto banks recently and I'm curious to know what's going on with them. Are they still operating? Did they face any challenges or regulations? What's the current status and what are the implications for the crypto industry?
5 answers
PulseWind
Tue Nov 26 2024
The banking crunch in the crypto industry is currently in full force.
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Andrea
Tue Nov 26 2024
Financial institutions such as Silicon Valley Bank, Signature Bank, and Silvergate Capital previously played crucial roles as lenders willing to accept deposits from crypto companies.
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DigitalDukedom
Tue Nov 26 2024
However, all three of these banks have now exited the crypto lending space.
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AltcoinAdventurer
Tue Nov 26 2024
This exodus has significantly impacted the crypto industry, which already had limited connections to the traditional banking system.
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Margherita
Mon Nov 25 2024
With the trio's demise, crypto companies now have even fewer options for banking services.
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