Binance, the world's largest cryptocurrency exchange, said signature bank It will only handle user transactions of more than $100,000 as the bank decreases its exposure to digital asset markets.
“One of our trustee banking partners, Signature Bank, has reported that it will no longer support any of its crypto exchange clients with buy and sell amounts of less than $100,000 starting February 1, 2023. This is the case. from all your crypto exchange clients. As a result, some individual users may not be able to use SWIFT bank transfers to buy or sell cryptocurrencies with/for USD in amounts less than USD 100,000,” Binance said in a statement sent to Bloomberg News on Saturday.