ChainCatcher message, citing a report from The Wall Street Journal via Cryptoslate, a new survey shows that of 160 cryptocurrency hedge funds, about 120 funds reported issues with basic banking services over the past three years. These funds invest in digital currencies and blockchain technology companies.

The other 20 alternative investors surveyed (in areas such as real estate and private credit) did not report similar issues. Banking problems include poor communication and direct termination of partnerships. Among the cryptocurrency hedge funds facing issues, more than 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 state a desire to limit their risk exposure to cryptocurrency clients or the industry.