Skip to content

Why Did a Crypto Hedge Fund Turn to Swiss Banks?

The suspension of Silvergate's cryptocurrency payments system is seeing digital assets managers scrambling to find new banking partners.

Photo by Tech Daily / Unsplash /Blockhead

With US$400 million in assets under management, a crypto fund manager is looking to Swiss banks to fill the vacuum left by the collapse of a crucial payments network run by struggling US lender Silvergate Capital.

Silvergate's 24/7/365 real-time network was utilised by Digital Asset Management to transfer money to and from Coinbase Global Inc.

But, major exchanges like Coinbase, Crypto.com, and Gemini no longer support Silvergate.

This post is for subscribers only

Subscribe

Already have an account? Sign In

Latest