Signature Bank will not support transactions of less than $100,000 for crypto exchange customers, according to a statement from exchange giant Binance. JPRubin23 reports
Signature Bank will not handle transactions of less than $100,000 for crypto exchange customers, according to a statement from exchange giant Binance.
“As a result, some individual users” might not be able to use SWIFT bank transfers to purchase or sell digital assets “with/for USD” for smaller amounts. The company added that users could continue using their accounts, including"buying and selling crypto using credit or debit cards, using one of the other fiat currencies supported by Binance."SWIFT is a global messaging network that allows financial services firms to send and receive money transfer instructions and other information quickly and securely.their involvement in crypto markets, part of the ongoing fallout from crypto exchange FTX’s implosion and other industry debacles.
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