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Business Dealing with Crypto Friendly Banks

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Business Dealing with Crypto Friendly Banks

According to reports, Zhu Su, the co founder of Sanjian Capital, posted on social media that he had extensive business dealings with two banks, Silvergate and Signature, which are excellent and customer oriented crypto friendly banks. Unfortunately, the macro environment shows weaknesses in its underlying business model.

Zhu Su: I have had a lot of business dealings with two banks, Silvergate and Signature

Analysis based on this information:


Zhu Su, the co-founder of Sanjian Capital, recently posted on social media that he had extensive business dealings with two banks, Silvergate and Signature. According to him, the banks are excellent and customer oriented crypto-friendly banks. However, he also notes that the underlying business model of these banks has been showing weaknesses in the macro environment.

Sanjian Capital is a Singapore-based investment firm that is focused on investing in blockchain technology and digital assets. It has been actively participating in the crypto industry for years, and it is no surprise that Zhu Su would have extensive dealings with crypto-friendly banks.

Silvergate and Signature are two banks that have made a name for themselves by establishing themselves as financial institutions that are friendly to the crypto industry. Silvergate, in particular, has been in the news recently as it has been growing rapidly, and it has been attracting a lot of interest from investors interested in crypto. The bank has also recently gone public, highlighting its success in the crypto industry.

It is unclear what specifically prompted Zhu Su to post about his dealings with the banks, but it is likely that he wanted to highlight the importance of having crypto-friendly banks to support the growth of the industry.

However, he also points out that there are weaknesses in the underlying business model of these banks. It is unclear what these weaknesses are, but it is possible that they are related to the overall volatility and unpredictability of the crypto industry. Moreover, the crypto industry is still relatively new and untested, and it is highly likely that there are still many challenges that need to be overcome before it becomes a stable and reliable industry.

In conclusion, Zhu Su’s post highlights the importance of having crypto-friendly banks to support the growth of the industry. It also highlights the challenges that the industry faces as it seeks to establish itself as a stable and reliable sector. The macro environment may be showing weaknesses in the underlying business model of these banks, but it is also clear that they have an important role to play in the growth of the crypto industry.

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