# Bitcoin Magazine

By [Suresh Devi](https://paragraph.com/@suresh-devi) · 2023-03-25

---

The [recent news](https://bitcoinmagazine.com/markets/recap-of-last-weeks-banking-contagion-and-bitcoin) of Silvergate Capital, Silicon Valley Bank (SVB) and Signature Bank shutting down has sent ripples throughout the financial community. These three banks had become some of the most popular banking partners for cryptocurrency exchanges and companies, and their sudden closures left many in the industry scrambling to find new partners.

---

*Originally published on [Suresh Devi](https://paragraph.com/@suresh-devi/bitcoin-magazine-4)*