Binance’s Fiat Partner Signature Bank Puts A Minimum Transaction Limit
Binance said that they are looking for an alternative partner and only “0.01% of our average monthly users are serviced by Signature Bank".
Over the last weekend, the world’s crypto exchange Binance announced that its fiat partner Signature Bank should no longer be processing transactions of less than $100,000. This development comes as the bank is looking to limit its exposure to the digital assets market.
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Amid the changing dynamics of global geopolitics and the rising US debt, countries across the world have been mulling for an alternate form of money, other than USD, to settle trades.
ETH staking on Ethereum’s proof-of-stake Beacon Chain continues to rise ahead of the Shanghai upgrade expected in March. As per the current on-chain data, 16.16 million ETH worth $26.41 billion have been deposited into the Beacon Chain.
As the crypto community awaits clear regulations around the digital asset market, lawyer involved in the US SEC Vs Ripple lawsuit has flagged off some warnings.
Following the Chinese New Year, crypto prices of some significant coins have dropped. Other coins still continue to trade in green.
Concerning the last three weeks of parabolic recovery in Ethereum price, the daily time frame chart shows the formation of a rounding bottom pattern.
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