Crypto firms are finding it increasingly hard to maintain banking partners.
Photographer: Andy Sacks/The Image BankIn this edition of the Bloomberg Crypto newsletter, Yueqi Yang explores the shrinking pathway between crypto and hard cash:
The ideal of crypto means not having to rely on banks and institutions. But the reality of the industry, at least today, is that many digital-asset companies need traditional finance firms to help provide customers with a reliable on-and-off ramp between their platforms and the world of hard currency. Therein lies a growing problem.
Up Next
Crypto Needs Banks More Than Banks Need Them
Author: Grace Haas
Last Updated: 1698361922
Views: 943
Rating: 4.4 / 5 (111 voted)
Reviews: 85% of readers found this page helpful
Name: Grace Haas
Birthday: 1908-12-24
Address: 5887 Kelly Port Apt. 558, Whitemouth, NJ 33236
Phone: +3751277911096933
Job: Physical Therapist
Hobby: Raspberry Pi, Cooking, Juggling, Swimming, Badminton, Gardening, Astronomy
Introduction: My name is Grace Haas, I am a striking, intrepid, spirited, bold, courageous, rare, unyielding person who loves writing and wants to share my knowledge and understanding with you.