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U.S. Banking Collapse: Crypto to Be Served by HSBC, Santander & Deutsche Bank in Europe

Published 03/14/2023, 12:15 PM
Updated 03/14/2023, 12:30 PM
U.S. Banking Collapse: Crypto to Be Served by HSBC, Santander & Deutsche Bank in Europe
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  • Following the fall of three crypto-friendly banks, the Digital Currency Group is looking overseas.

  • European banks are willing to serve crypto companies suffering through banking failures in the U.S.

  • The receptive banks in Europe have said there would be some restrictions.
Crypto businesses reliant on banking infrastructure in the U.S. have been dealt three rapid blows since last week. The collapse of Silvergate, Silicon Valley Bank (SVB), and Signature saw major crypto-friendly banks wiped away, leaving important crypto institutions stranded.

Crypto conglomerate Digital Currency Group (DCG) has been searching for new banking partners and looks to have found options across the pond in Europe. Santander (BME:SAN), HSBC, and Deutsche Bank (ETR:DBKGn) are still willing to connect with crypto firms, CoinDesk reported.

DCG’s efforts to find landing spots for crypto businesses come...

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