Assessing the ‘why’ behind Signature Bank’s move to limit cryptocurrency exposure

Signature Bank, a New York-based bank, plans to reduce deposits around cryptocurrencies  Due to the ongoing volatility in the cryptocurrency market. Signature Bank’s stock plummeted by 50% As per a Financial Times report, New York-based Signature Bank (SBNY) plans to reduce its deposits tied to cryptocurrencies by $8-10 billion. This indicates a shift away from […]