Major crypto exchange Coinbase stated that it has millions in corporate cash balance with the shuttered Signature Bank.

According to a March 13 Twitter thread, as of the close of business on Friday, March 10, Coinbase had "an approximately $240m balance in corporate cash" at Signature.

The company, however, tweeted that, 

"As stated by the FDIC, we expect to fully recover these funds."

Regulators closed New York-based Signature on Sunday, two days after closing Silicon Valley Bank in a massive collapse affecting billions in deposits.

(By Sead Fadilpašić)