According to a Bloomberg report, a small Pennsylvania-based bank has emerged as a top choice for crypto businesses, following the collapse of two other crypto-friendly lenders, Silvergate Capital Corp. and Signature Bank.
Customers Bank is a Pennsylvania-based bank that was founded in 1997 as New Century Bank. The bank changed its name to Customers Bank in 2011, reflecting its focus on building deep customer relationships.
In recent years, Customers Bank has gained attention for its partnerships with digital asset firms, including exchanges, market makers, and stablecoin issuers. The bank’s payments platform, Customers Bank Instant Token (CBIT), enables crypto clients to move dollars with the same immediacy as the digital asset industry, 24 hours a day, seven days a week.
Why This Pennsylvania Bank Is The New Star Of The Crypto World
The report shows that Customers Bank has become a leading choice for crypto businesses seeking a banking partner following the collapse of Silvergate
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