Coinbase says it has about US$240 million cash balance with Signature Bank

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. Here's what you need to know.

Coinbase says it has about $240 million cash balance with Signature Bank

State regulators closed New York-based Signature Bank on Sunday, the third largest failure in US banking history, two days after authorities shuttered Silicon Valley Bank in a collapse that stranded billions in deposits.

Coinbase says it has about US$240 million cash balance with Signature Bank

Coinbase Global has about US$240 million in corporate cash balance with Signature Bank, the US crypto exchange said in a tweet on Sunday (Mar 12), hours after the state regulators closed the New York-based lender. "Due to FDIC's hold on Signature's transactions, we're currently facilitating all client cash