Crypto Industry Executives Call for Improved Banking Options Amidst Bank Closures and Market Volatility.

The voluntary liquidation of Silvergate, Silicon Valley Bank, and Signature has sent shockwaves through the cryptocurrency industry, as these banks were pillars of the sector. The demise of these institutions has left many crypto companies struggling to find banking partners. However, some industry executives believe that big banks can onboard crypto companies if they respect regulatory rules and show a willingness to comply. The collapse of these banks will also have implications for regulators in Asia, who are working on building a crypto licensing regime for retail traders.