Following the collapse of Silvergate Bank, Silicon Valley Bank, and Signature Bank, cryptocurrency companies have been seeking new banking partners in the United States. According to a recent report citing “sources familiar with the matter,” Binance US, the American subsidiary of the cryptocurrency exchange, is having difficulty finding a U.S. banking partner. Unnamed Sources Say Binance Has Unsuccessfully Sought to Establish U.S. Banking Partners The Wall Street Journal (WSJ) reported on Saturday that Binance US is experiencing difficulty in finding a U.S. banking partner. Currently, Binance US customers have been informed that “certain USD deposit services will be temporarily unavailable.” Binance US stated that it was “transitioning to a new banking partner,” and services would resume once the process was complete. However, sources quoted by WSJ reporters Caitlin Ostroff, Rachel Louise Ensign, and Alexander Osipovich indicate that Binance has faced challenges in finding a bank
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