A New Crypto Banking System Arises Under the Shadow of a Regulatory Crackdown.

Cross River Cross River Bank, a Fort Lee, New Jersey-based firm known for its ties to financial-technology firms, has provided banking services to some crypto firms, such as Coinbase and Circle. The Zug-based bank saw increased website traffic globally, but more so in the US, after the collapse of Signature and Silvergate, the company said in March, adding that crypto firms were applying for its accounts. (Bloomberg) -- Two months after the collapse of Silvergate Capital Corp. and Signature Bank, a new banking landscape for crypto companies is taking shape amid an expanding crackdown on the industry in the US. [Extracted from the article]