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Customers Bank Reports $1.5 Billion In Deposits From Crypto Businesses
Summary: Customers Bank, headquartered in Pennsylvania, USA, announced a list of some institutional crypto customers on Tuesday, including major institutions such as the digital currency prime brokerage firm Genesis Global Trading, the digital asset trading platform Blockfills, and the digital asset exchange GSR, making the bank one of the leading financial service providers in the crypto industry. ...
Customers Bank, headquartered in Pennsylvania, USA, announced a list of some institutional crypto customers on Tuesday, including major institutions such as the digital currency prime brokerage firm Genesis Global Trading, the digital asset trading platform Blockfills, and the digital asset exchange GSR, making the bank one of the leading financial service providers in the crypto industry.
Customers Bank is using its own CBIT token to pass U.S. dollars between commercial bank customers. The combination of CBIT and TassatPay payment platform realizes blockchain-supported real-time B2B payment between two customers.
Customers Bank’s deposits are insured by the Federal Deposit Insurance Corporation (FDIC). As of the third quarter, the bank’s zero-cost deposits from crypto businesses amounted to $1.5 billion.
By Mary Liu
Tags: Blockchain,Cryptocurrency,Customers Bank
Link: Customers Bank Reports $1.5 Billion In Deposits From Crypto Businesses [Copy]
