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Bitcoin $116,931.55 +1.57%
Ethereum $4,538.03 +0.40%
BNB $961.15 +4.33%
Optimism $0.78 +5.77%
Arbitrum $0.50 +1.64%
Solana $237.24 +1.16%
Polygon $0.22 +2.77%
Cosmos $4.55 +2.02%
Avalanche $30.10 +2.10%

Signature Bank Shrinks Crypto-Tied Deposits by $8–10B

Crypto-friendly Signature Bank (SBNY) announced that it would shrink its deposits tied to crypto assets by $8 – $10 billion.

SBNY’s decision indicates that the bank might be distancing itself from the crypto industry. SBNY’s CEO Joe DePaolo commented on the decision and said:

“We are not just a crypto bank and we want that to come across loud and clear,”

(By Zeynep Geylan)

Singapore Crypto

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Signature Bank Shrinks Crypto-Tied Deposits by $8–10B

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