The outlook for crypto banks is surprisingly strong given a drop-off in customer deposits in the wake of depressed prices and low volatility , according to JPMorgan. Both Silvergate Bank and Signature Bank , two commercial banks that serve the cryptocurrency industry, reported their third-quarter financial results this week. On each bank’s respective payments platform, there was a drop in customer deposits as well as transfer volumes thanks…
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Crypto bank deposits have dropped in this bear market. Why JPMorgan says it’s a ‘small blip’ over the long term
