Press Release

Cybrid has no exposure to Silicon Valley Bank or Signature Bank

Unaffected by Recent Industry Events: Cybrid offers best-in-Class crypto banking services. Protect your assets with a diversified approach to Services

We understand that recent events in the banking industry requires a full audit of your current, and potential partners. Please be assured that Cybrid has not been impacted, nor has any exposure to the shuttering of Silicon Valley Bank (SVB), Signature Bank (and SIGNET), or Silvergate (and SEN).

As a provider of secure and reliable banking, crypto and payment services, we take pride in our robust risk management framework, which includes diversification of our banking relationships and partners. From our inception, we have always integrated multiple best-in-class vendors into our platform to ensure that our clients have access to the most secure and reliable services.

We work with digital asset custodians, liquidity providers, and fiat banking partners to offer our clients the highest levels of service, reliability, and security. Our partnerships are based on reputation, security protocols, and track record, ensuring that our clients have access to the most secure and reliable services in the industry.

backend crypto 3We understand that recent events in the banking industry have highlighted the importance of working with multiple vendors to mitigate risks. At Cybrid, we have always believed in this approach, which is why we have integrated multiple vendors into our platform from the beginning. An example of this approach is our Smart Order Router, which connects to four liquidity providers to aggregate quotes - ensuring best price execution. This approach includes USDC

With years of experience operating in the financial industry, we understand and deeply value due diligence and risk management. We take pride in our ability to provide best-in-class crypto, banking, and payment services to our clients. Our commitment to security, reliability, and innovation is what sets us apart from the competition.

If you require any further clarification or have any concerns, please do not hesitate to reach out to us.

The Cybrid Team

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P.s. Now is a great time to download our 3-Step Guide to Launching Compliant Crypto Products!


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