Bloomberg: Kraken no longer uses Signature Bank for significant financial transactions

ChainCatcher message, according to a report by Bloomberg, cryptocurrency exchange Kraken is withdrawing from using Signature Bank for some significant financial transactions. Kraken's non-corporate clients will no longer be able to use Signature for USD deposits or withdrawals. Deposits will be gradually phased out starting March 15, and withdrawals will end on March 30.

Previously reported, cryptocurrency derivatives trading platform LedgerX stated that it would no longer use Silvergate Bank to receive domestic wire transfers, but instead would use Signature Bank. Signature indicated in December that it would reduce its exposure to the cryptocurrency industry. (Source link)