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Why some banks are rolling out the welcome mat for crypto firms

The biggest banks — JPMorgan and Bank of New York Mellon — still do business with crypto clients, though they are selective about their client list and what banking services they provide

Some banks are rolling out the welcome mat for cryptocurrency firms that found themselves in need of banking services after the downfall of two big crypto-friendly lenders, Signature Bank and Silvergate Capital.

As crypto companies have scrambled to establish new bank relationships, industry executives say they have received a positive reception from regional banks such as Customers Bancorp, based in West Reading, Pennsylvania, and Fifth Third Bancorp, based in Cincinnati.

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