Home Cryptocurrency Binance says Signature Bank won’t support transactions for crypto exchange customers worth less than $100,000

Binance says Signature Bank won’t support transactions for crypto exchange customers worth less than $100,000

by SuperiorInvest

Almost a quarter of the New York-based bank’s $103 billion in total deposits, or roughly 23.5%, came from the crypto industry as of September 2022. But given recent “issues” in the space, Signature will reduce that amount below 20% and potentially below 15% eventually, Signature CEO DePaolo said at a conference in New York hosted by investment bank Goldman Sachs.

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