Banks Step Up to Serve Crypto Firms After Signature, Silvergate Blowups

Crypto executives say they have received a positive reception from regional and smaller upstart banks

Illustration by Alexandra Citrin-Safadi/The Wall Street Journal

Some banks are rolling out the welcome mat for cryptocurrency firms that found themselves in need of banking services after the downfall of two big crypto-friendly lenders, Signature Bank and Silvergate Capital Corp.

As crypto companies have scrambled to establish new bank relationships, industry executives say they have received a positive reception from regional banks such as Customers Bancorp., based in West Reading, Pa., and Fifth Third Bancorp, based in Cincinnati.

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