About a year and a half after the collapse of crypto-friendly banks in the United States, European banks are pushing to revive the all-weather payments market in the digital asset space. In recent weeks, two Swiss banks - AMINA Bank AG and Sygnum Bank AG - have launched real-time payment and settlement networks.
The goal is to fill the market gap left by Silvergate Exchange Network (SEN) and Signature Bank's Signet platform, which played a key role in bringing liquidity to the crypto market before it collapsed in March 2023. According to company documents, in the quarter before the deal closed, SEN processed $117 billion transfers, while Signet handled $275.50 billion transfers.
Two Swiss banks have launched real-time payment and settlement networks in an attempt to fill the crypto payments gap
2024-07-23 11:47:33
United States crypto currency friends banks closed approximately one and a half years later Europedesk3cryptocurrencydesktopCrypto News
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