Collapse of Signature, Silvergate may create crypto liquidity issues as banks shy away from purchases
March 14, 2023 at 08:17 AM EDT
The closure of New York based Signature bank, which has a number of crypto clients, is likely to reverberate across the digital asset industry, days after California's Silicon Valley Bank collapsed in the second-largest bank failure in U.S. history, and Silvergate Bank, another crypto-friendly bank, said it would wind down.
