U.S. regulators offer a bailout to customers affected by SVB and Signature bank collapses. Will there be alternatives to these crypto-friendly banks and their payment systems to provide liquidity? Bitcoin and Ethereum were both up by more than 9% in the last 24 hours retracing their weekend losses and propping up the crypto market. The […]
The companies shared hope that they will be able to recover the funds following the
from different U.S. regulators. “All depositors of this institution will be made whole,” the regulators said in relation to the Signature bank context.The crypto market, eventually, recovered on 13 March. Most of the cryptocurrencies registered positive gains and investors were seen returning back to their trading activities. However, the question remains- Is this recovery just a calm before the storm?CircleNotably, the collapse of these lenders will also affect crypto liquidity.
Now that they are gone, investors might have to limit their payments to banking hours unlike earlier. It looks like crypto liquidity will be affected in the absence of these platforms unless an alternate system comes up.Subscribe to get it daily in your inbox.
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