Some banks are still willing to play ball with crypto: CoinDesk

Quick Take

  • Santander, HSBC, Deutsche Bank, BankProv, Bridge Bank, Mercury, Multis and Series Financial are among banks still reportedly willing to work with crypto firms, based on messages exchanged by DCG employees and obtained by CoinDesk. 

The high-profile failures of Silicon Valley Bank, Silvergate and Signature Bank have left something of a void for crypto firms needing banking partners — but certain banks remain open for business.

Santander, HSBC, Deutsche Bank, BankProv, Bridge Bank, Mercury, Multis and Series Financial are among the banks still reportedly willing to work with crypto firms.

The list is based on messages — obtained by CoinDesk — exchanged between staff at the outlet's parent company Digital Currency Group, who had been discussing the pursuit of new banking partners for portfolio companies.

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DCG also contacted BlackRock, JPMorgan and Bank of America — as well as international banks Revolut, United Overseas Bank and Bank Leumi — according to CoinDesk.

Even if some tradfi banks are still willing to play ball with crypto firms in the U.S., however, services may be restricted based on crypto exposure.


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About Author

Adam is the managing editor for Europe, the Middle East and Africa. He is based in central Europe and was a managing editor and podcast host at the crypto exchange OKX