Signature Bank reducing crypto exposure, Binance clients transferring less than $100,000 to be impacted

Binance, one of the world’s largest cryptocurrency exchanges, announced that the New York-based Signature Bank would handle transactions from its users only if it exceeds $100,000. This move comes as the bank decreases its exposure to digital-asset markets. Accordingly, users may need to use SWIFT bank transfers to buy or sell cryptocurrency for amounts less than $100,000. Signature Bank tightens rules for Binance transactions The retail customer base of Binance has been made aware of a potential impending service outage that could stop on- and off-ramp bank payment transfers.  The world’s largest crypto exchange stated that this was the banking partner’s choice