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Coinbase No Longer Supporting Signature Bank’s Signet Network

Coinbase Global (COIN) told clients on Monday it’s no longer supporting Signet, the real-time payments network of failed Signature Bank, according to a Wall Street Journal report.

Coinbase users who used Signet for U.S. dollar deposits or withdrawals won’t be able to send funds outside of the usual banking hours, but Coinbase said it was looking for a new technology partner, according to the report.

Coinbase customers would still be able to make crypto deposits, withdrawals and conversions from stablecoin USDC to USD 24/7 on Coinbase Exchange, a Coinbase spokesperson told the Journal.

Coinbase Signature Bank
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