Crypto-friendly Signature Bank grows non-interest bearing deposits by $1 billion in 4Q19

Quick Take

  • On Tuesday, Signature Bank reported a $1 billion sequential increase in non-interest bearing deposits
  • Although not specifically disclosed, I suspect a large portion of that came from their Digital Asset Banking team
Competition between crypto-friendly banks, Signature and Silvergate, continues to heat up. On Tuesday, Signature Bank reported a $1 billion sequential increase in non-interest bearing deposits for 4Q19. Typically, securing low-cost deposits are hard to come by. For crypto-friendly banks, however, that’s a different story as struggles to find banking partners have led cryptocurrency-related businesses to […]

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