Bloomberg Law
March 1, 2023, 8:21 PM

Crypto Exchange Kraken Ends Some Transactions With Signature (2)

Hannah Miller
Hannah Miller
Bloomberg News

The digital-asset trading platform Kraken will no longer be using Signature Bank for some key financial transactions, making it the latest exchange to pull back from a major crypto bank.

Non-corporate clients won’t be able to make dollar deposits or withdrawals using Signature, according to an email reviewed by Bloomberg that was sent to customers on Wednesday. The deposits will be phased out on March 15, while the withdrawals will end March 31. Kraken did not immediately respond to a request for comment.

In the customer notice, Kraken attributed the decision to changes made by Signature. When reached for comment, ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.