Binance Confirms Signature Bank Withdrawing Support for Crypto Transactions Below $100K

16 days ago Tokenhell

Binance crypto exchange confirms that Signature Bank is scaling down involvement in cryptos by denying support to transactions below $100,000. Also, the pro-crypto bank cited the volatility witnessed in the cryptos industry as exposing Signature Bank to declining yields. Signature Caps Minimum Crypto TransactionBinance statement indicated that Signature Bank was withdrawing support for transactions below $100000. Binance regretted the move by Signature Bank to ban transactions of small amounts as they accounted for 0.01% of the monthly users. The decline has drowned Silvergate Capital, a reason Signature Bank is tactfully withdrawing mass involvement in small transactions.
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3 months ago Tokenhell

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28 days ago Tokenhell

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3 months ago Tokenhell

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1 month ago Tokenhell

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