The collapse of crypto-friendly lenders in the past few weeks has left crypto firms scrambling to look for new banking partners.
Zurich-based digital asset bank Sygnum is seeing an influx in inquiries from international crypto firms looking for new banking partners following the recent collapses of crypto-friendly banking giants in the United States.
“Over the past weeks, as the current banking industry events have unfolded, we have seen a significant increase in onboarding inquiries from various international locations, including a number from the UAE and the Middle East.” . He explained that the Swiss bank is putting additional effort into scaling its client service support and compliance teams “to welcome these new clients in a speedy but fully compliant manner.”and Silicon Valley Bank experienced a meltdown in March, leaving U.S. crypto firms scrambling for institutions to do business with.
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