The exchange said it is looking for a new technology provider. She also wants more clarity from Signet, which allowed transactions between cryptocurrencies and fiat currencies in real time.
Earlier it became known that the US Federal Deposit Insurance Corporation (FDIC) sold Signature Bank without its cryptocurrency part. Starting March 20, 40 former Signature branches will be operated by Flagstar Bank. Signature savers, other than those involved in the digital banking business, will automatically become savers of New York Community Bancorp’s Flagstar Bank.
Signature was founded in 2021. At the time of the crash, he had over $110 billion in assets. The bank’s activity was multidirectional and cryptocurrencies were not the main priority, like Silvergate. The bank began to deal with them only at the end of 2018. They accounted for about 23% of all deposits, while Signature was going to reduce their share to 15%.
Source: Bits
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