Odaily Planet Daily News After the collapse of Signature Bank, Hong Kong-based hedge fund MaiCapital now needs to look for other options, and its managing partner Marco Lim is urging local banks to speed up account opening. MaiCapital has cash in Signature Bank. "The two largest cryptocurrency-friendly banks are gone," said Lim, referring to Signature and Silvergate, which have many cryptocurrency customers. "I've been through too many crises." In the past few days, Silvergate, Signature and Silicon Valley Bank have collapsed one after another, triggering bank runs and prompting the United States to introduce new guarantee mechanisms to protect deposits. The collapse of Silvergate and Signature is particularly serious for digital assets because the two banks operate a real-time payment network for the cryptocurrency industry 7 days a week, helping funds flow in and out of the industry. Currently, many cryptocurrency companies are looking for banks outside the United States, with banks in Switzerland and the UAE being the focus of attention. This trend away from the United States has begun due to the growing heat on U.S. regulation after the collapse of FTX. Richard Galvin, co-founder of Sydney fund management firm Digital Asset Capital Management, said: "The United States is not as tolerant of cryptocurrencies as it used to be. It makes sense to diversify in different jurisdictions." Galvin said the company is in the "onboarding process" with a Swiss bank. In Switzerland, Sygnum Bank AG and SEBA Bank AG are among the banks working with the digital asset field. Deltec Bank & Trust Ltd. and Capital Union Bank in the Bahamas are also known in the industry for their focus on cryptocurrencies. (Bloomberg)