Binance.US Struggles to Find Banking Partner to Manage Customer Funds
The US arm of Binance, a major cryptocurrency exchange, is facing difficulties in finding a bank to manage its customers' funds, according to the Wall Street Journal. Signature Bank and Silvergate Capital were previously used by Binance.US, but they have stopped working with the exchange. The ...
Kraken Faces Challenges with ACH Channel Due to Silvergate Bank Issues
Kraken Cryptocurrency Exchange Faces ACH Channel Challenges with Silvergate Bank Kraken, a major cryptocurrency exchange, has recently faced difficulties with its Automated Clearing House (ACH) deposit and withdrawal channel due to issues with its banking partner, Silvergate Bank. As a result, Kr ...