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Why some banks are rolling out the welcome mat for crypto firms
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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. SI 52.21%
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, and Fifth Third Bancorp, based in Cincinnati.
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