Customers Bancorp, the U.S.81st largest bank, has emerged as one of the biggest partners for the crypto industry — following the implosion of other lenders. Read on.
Play Video
“With Signature and Silvergate basically shutting their doors, these balances had to go somewhere,” he said. Customers Bank “really seems to be the last man standing.” But now, with the crypto market a shadow of its former self, Customers is downplaying its connections to an industry it once embraced. The company decided to limit deposits on its Customers Bank Instant Token real-time payments platform, or CBIT, which caters to crypto clients, to no more than 15 per cent of its total.
Other Customers clients include the biggest U.S. crypto exchange, Coinbase Global Inc., as well as stablecoin issuer Paxos Trust Co., trading firm GSR and custodians Anchorage Digital and BitGo.It’s a notable position for a firm that bills itself as a “super community” bank, with its headquarters in West Reading, Penn., a borough about 100 kilometres northwest of Philadelphia with about 4,500 people.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Ripple lawsuit: Former SEC official finds court ruling “ripe for appeal”While XRP community and most proponents of cryptos were in celebratory mode, voices criticizing the ruling began to emerge.
Lire la suite »
National Australia bank to block payments to “high-risk” crypto platformsNational Australia Bank (NAB) is going to block payments to “high-risk” crypto exchanges to protect its customers.
Lire la suite »
National Australia bank to block payments to “high-risk” crypto platformsNational Australia Bank (NAB) is going to block payments to “high-risk” crypto exchanges to protect its customers.
Lire la suite »