Signature Bank’s Real-Time Crypto Payments Network Still Online, for Now
Signature Bank’s payments network — used by cryptocurrency firms looking to exchange fiat currency in real time — is still online even after the lender was put into receivership.
Okcoin Suspends USD Deposits in Wake of Signature Bank Closure
According to a March 13 tweet by Okcoin CEO Hong Fang, the U.S. affiliate of cryptocurrency exchange OKX had no exposure to defunct U.S. tech bank Silicon Valley Bank (SVB). However, Fong stated that Okcoin’s U.S. dollar wire and ACH deposits have been “immediately paused” due to the regulatory intervention in Signature Bank, Okcoin’s primary partner for customer transactions in dollars.
Coinbase Lost $240M in Signature Bank Closure
Leading crypto exchange Coinbase disclosed it lost around $240 million in Signature Bank shut-down on Mar. 12.
Gemini had no customer funds, GUSD at Signature Bank
Crypto exchange Gemini said it held no customer funds or Gemini dollars (GUSD) at Signature in the wake of the bank's closure by regulators on Sunday.
Marathon Digital Says It Has Access to Funds Held at Signature Bank
Marathon Digital said it has access to $142 million in cash deposits held by Signature Bank, which was closed by state regulators on Sunday.
Crypto Evening Briefing: Circle Says USDC Operations Unaffected by SVB, Signature Closures
The closure of Silicon Valley Bank and Signature Bank won’t affect Circle’s USDC operations.
Crypto Exchange Coinbase And Others Disclose Funds In Shuttered Signature Bank
Following the Signature bank crash, many top firms such as Paxos, Coinbase, and Celsius have revealed they had some funds tied up in them.
Circle Says USDC Operations Unaffected by SVB, Signature Closures
The closure of Silicon Valley Bank and Signature Bank won’t affect Circle’s USDC operations.
Coinbase Confirms $240 Million Corporate Cash Balance with Signature Bank Amid Lender Closure
Major crypto exchange Coinbase stated that it has millions in corporate cash balance with the shuttered Signature Bank.
OKX-Affiliated OKCoin Pauses USD On-Ramp Due to Signature Bank’s Collapse
OKCoin has temporarily lost the ability to allow customers to deposit USD because of Signature bank’s collapse, according to a tweet by its CEO.
