The banking sector has often been reluctant to work with cryptocurrencies due to their renowned volatility. However, crypto firms need traditional banking, to accept dollar deposits in return for services and tokens. Crypto firms came to rely on crypto-friendly banks Silvergate and Signature which have recently collapsed, leaving many crypto businesses without an alternative.
As the crypto industry recovers from the fallout, crypto executives say that they have received positive reception from regional and smaller banks. For example, USDC stablecoin issuer Circle has partnered with the Cross River Bank in New Jersey.
Big Eyes Coin (BIG) is a new coin and still in presale, so it remained unfazed by the fall of Silvergate and Signature. The presale statistics continued to show one of the most impressive presales in crypto history, and shows that the fall of these banks has not killed the crypto industry.
Big Eyes Coin Continues Historic Presale Run
After Signature and Silvergate Banks collapsed, many currencies dropped, including market leaders Bitcoin (BTC) and Ethereum (ETH). Some analysts thought that the collapse meant the end of crypto. However, the new meme coin, Big Eyes Coin, continued a historic presale during the market fallout.
Investors are intrigued by Big Eyes Coin’s impressive user features and approach to crypto. Meme coins are known to be the jokes of the market, offering fun and humour while compromising on utility. On the other hand, Big Eyes Coin is set apart and focuses on transparency, utility and growth.
One part of Big Eyes Coin’s plan for growth is NFTs. Big Eyes Coin aims to create a top ten NFT collection that brings artwork to the community and creates change. Users can trade NFTs on the NFT marketplace, which will help bring awareness and demand for Big Eyes Coin. NFTs will also hold exclusive access to content and events for users.
Users are expecting significant returns with Big Eyes Coin, and the developers are currently offering an exclusive offer code in the lead up to launch. Buyers can gain a 250% bonus using the code BULLRUN250 to purchase BIG tokens or loot boxes.
USDC Partners With Cross River Bank
USDC’s issuer, Circle, was one of the firms affected by the banking fallout. To protect user funds, Circle withdrew its USDC reserves from Silvergate Bank and started withdrawing from Silvergate after the first signs of trouble back in 2022. USDC is a stablecoin but fell to a low of $0.8774 when banking chaos first started. It has since recovered its price to $0.9999.
Circle has just announced that it has found a new partner for automated settlements, Cross River Bank, which is based in New Jersey. Cross River Bank is a smaller regional bank and part financial institutional, part fintech. Like other smaller regional banks, it has stepped in and welcomed crypto firms while large banks have cut down their crypto partnerships.
Crypto companies have been trying to establish new banking relationships in the aftermath of Signature and Silvergate Banks’ collapse. Smaller and regional banks such as Cross River Bank have stepped in to help crypto firms. Big Eyes Coin on the other hand was shielded from the chaos of the banking sector and continued to enjoy one of the best presales in history.
For more information on Big Eyes Coin (BIG):
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Twitter: https://twitter.com/BigEyesCoin
