cryptonews
2023-03-13 10:50:00

Coinbase Confirms $240 Million Corporate Cash Balance with Signature Bank Amid Lender Closure

Major crypto exchange Coinbase stated that it has millions in corporate cash balance with the shuttered Signature Bank. According to a March 13 Twitter thread, as of the close of business on Friday, March 10, Coinbase had "an approximately $240m balance in corporate cash" at Signature. The company, however, tweeted that, "As stated by the FDIC, we expect to fully recover these funds."... Read More: Coinbase Confirms $240 Million Corporate Cash Balance with Signature Bank Amid Lender Closure

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