By CryptoNews - 1 year ago - Reading Time: 1 minutes
Coinbase Confirms $240 Million Corporate Cash Balance with Signature Bank Amid Lender Closure
Coinbase, one of the largest cryptocurrency exchanges in the world, has announced that it has millions of dollars in corporate cash balance with Signature Bank, which was recently shut down.The news came via a Twitter thread on March 13, revealing that Coinbase had around $240 million with the bank as of the close of business on March 10.
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
Original source: CryptoNews