According to sources from the Financial Times, one particular head of an undisclosed crypto company stated that he would now prefer to store funds in a Swiss bank rather than on Binance. This sentiment has led Binance’s large clients to explore alternative storage options, with some opting for Swiss crypto banks such as Sygnum and FlowBank.
Sygnum has confirmed receiving requests from clients seeking solutions to reduce counterparty risks during crypto exchange trading. On the other hand, representatives from FlowBank have yet to provide official comments on the matter to the Financial Times.
It is worth noting that Binance had previously hinted at the possibility of a tripartite agreement involving its customers and banks for the storage of funds. However, no specific bank names were disclosed at the time.
A November survey conducted by Binance revealed that the majority of residents in European countries have a positive outlook on the future of the cryptocurrency market.