US crypto firms look to open Swiss bank accounts after collapse of Signature Bank, Silvergate Capital

US crypto firms look to open Swiss bank accounts after collapse of Signature Bank, Silvergate Capital

FILE PHOTO: Representations of cryptocurrencies are seen in front of displayed decreasing stock graph in this illustration taken November 10, 2022. REUTERS/Dado Ruvic/Illustration

US-based crypto firms are trying to open Swiss bank accounts after the collapse of two U.S. crypto-focused banks made it harder for them to use lenders in the United States, but bankers said the Swiss firms may not take them.