According to experts, there are still several choices for crypto banking, including on-chain banking and alternative banks, crypto media outlet CoinDesk reported on March 14.

Several major US banks have recently shut down their operations in the cryptocurrency industry, causing concerns for cryptocurrency companies in the country. The decision by Silvergate Bank, Silicon Valley Bank, and Signature Bank has prompted a search for new banking partners, with industry insiders predicting new innovative challenger banks will step in. The U.S. cryptocurrency companies can still consider banking options including Cross River Bank and BankProv, but may have to start looking globally for offerings.

Alternatively, on-chain banking may be the answer, allowing banks to become more like blockchains, and making them more antifragile.

Traditional banking will probably need to act as a link between centralized finance and decentralized finance, however, until that time comes to pass.

Source: COINDESK