Mainstream Banking

According to the report, Frank Chaparo, the chief editor of The Block News, tweeted that the Crypto Friendly Bank Signature Bank was closed, and the crypto capital market basically returned to 2014. Any newly established company had no opportunity to establish a relationship with the bank. In many ways, cryptocurrency has become a formal non-bank business. Viewpoint: The crypto capital market is basically back to 2014, and startups no longer have the opportunity to cooperate with banks Analysis based on this information:The world of cryptocurrency has been dealt a major blow as Signature Bank, one of the most crypto-friendly banks in the United States, has reportedly ceased to provide services to investors and traders in the cryptocurrency industry. Frank Chaparo, the chief editor of The Block News, took to Twitter to announce the unfortunate news, which has left many participants in the crypto capital market feeling as though they have been thrown back to the year 2014. What does it…