From alternative banks to on-chain banking, crypto banking still has plenty of options, experts say.

The crypto ecosystem was built on the belief that no one entity, meaning a bank, should be in charge of one individual’s finances, but until that becomes a reality, traditional banking will likely have to serve as a bridge between centralized finance and decentralized finance.

Thus, the shutdown of Silvergate Bank, Silicon Valley Bank (SVB), and Signature Bank will certainly cause headaches for the industry in the short-term as many crypto companies search for new banking partners, uncertain if larger entities will even want to touch crypto companies anytime soon.

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In the long-run, however, this contagion shouldn’t hurt the crypto industry as there will likely be other smaller banks that will likely to bridge the gap. “Crypto liquidity is likely to take a hit in the short-term but this is an opportunity for new innovative challenger banks to step up and take the place of SVB, Silvergate and Signature,” said Andrei Grachev, managing partner at digital asset market maker DWF Labs.

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