Metropolitan Bank Announces Full Exit From Crypto-Asset Industry: What It Means To Customers - Metropolitan Bank Holding (NYSE:MCB)

Benzinga

Center

High Factuality

Metropolitan Bank Announces Full Exit From Crypto-Asset Industry: What It Means To Customers - Metropolitan Bank Holding (NYSE:MCB)

Metropolitan Bank Holding Corp. (NYSE: MCB), the holding company for Metropolitan Commercial Bank, on Monday announced that it will be fully exiting the crypto-asset industry, citing recent developments in the sector and changes in the regulatory environment surrounding the banks' involvement in crypto-asset related businesses. Metropolitan also conducted a strategic assessment of the business case for its further involvement in the industry. Cu…