Customers Bank has announced it will no longer provide banking services to certain digital asset hedge funds, including major crypto firms like Galaxy Digital, Coinbase, and Circle. This decision impacts numerous funds and highlights the challenges crypto companies face in accessing traditional banking services. Customers Bank emphasizes its rigorous client selection process and the need to limit exposure to the digital asset sector, currently capping CBIT deposits at $2 billion out of a total $18 billion. #CryptoBanking #CustomersBank

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