and the termination of the Silvergate Exchange Network pose a challenge for the crypto industry, JPMorgan said in a research report Thursday.
Replacing this instantaneous network for processing dollar deposits and withdrawals among crypto market participants will be challenging given the current backdrop and the “general unwillingness of traditional banks to engage with crypto companies following theThe report said it is inevitable that at least some of the payment and custody services provided by Silvergate will migrate to other banks such as Signature Bank , Provident Bancorp , Metropolitan Commercial Bank and Customers Bancorp .
jpmorgan willcanny99 Crypto does not need banks. Crypto are bank without leverage, without fractional liquidity. Real bank.
jpmorgan willcanny99 Someone tell me to buy slivergate
jpmorgan willcanny99 Standard bs
jpmorgan willcanny99 You can use if your exchange in the US is blocked. But most have alternatives. Maybe a problem for large players but we're not in a rush. RETAIL can take advantage of the crash.
jpmorgan willcanny99 Plot twist, it's JP Morgan that's getting replaced
jpmorgan willcanny99 the great JPMORGAN is involved in all this
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Bank stocks plunge after implosions at Silicon Valley Bank and SilvergateBank stocks plunge after implosions at Silicon Valley Bank and Silvergate Capital send 'shock waves' through the sector
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