CoinVoice has recently learned, according to a report by Cryptoslate (Wall Street Journal), that a new survey shows that among 160 crypto hedge funds, about 120 reported issues with basic banking services in the past three years. These funds invest in digital currencies and blockchain technology companies.
The other 20 alternative investors surveyed (in fields such as real estate and private credit) reported no similar issues. Bank problems include poor communication and direct termination of partnerships. Among the troubled crypto hedge funds, over half were explicitly informed by banks that they would terminate their partnerships.
However, the reasons for these decisions are often vague or nonexistent. When banks provide explanations, they express a desire to limit their risk exposure to cryptocurrency clients or the industry. [Original link]