US banks Signature Bank, Silvergate and Silicon Valley Bankone after another collapse, cryptocurrency pushed their platforms into a new quest.
CNBCCryptocurrency companies looking to establish new connections have turned to crypto-friendly Swiss banks.
Stating that Swiss banks are flooded with requests to establish new banking services, the sources stated that with the collapse of three of the largest banks in the US, crypto money firms are turning to Switzerland, which is trying to become a crypto center with strong regulations.
A consultant to a private Swiss bank chose to remain anonymous, saying his bank was flooded with requests from cryptocurrency companies.
This advisor said that following the liquidation of Silvergate and Signature Bank, his bank received more requests than ever in a single day.
Consultant on the subject “This is just crazy,” commented.
Credit Suisse’Commenting on the distress experienced by the counselor, the consultant said:
“We think that the banking problem still exists for crypto companies that need banking services.
Looking at the Credit Suisse thing, people see Credit Suisse as the only unfortunate risk with a retail bank.”
One of Switzerland’s largest banks focused on serving digital asset companies. Dominic Castley, marketing manager of Sygnum also commented on this.
Stating that they saw a significant increase in recruitment requests from various countries after the bank crashes in the USA, Castley added that there was much more inflow from US customers to Swiss banks.
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