Kraken says Signature and Signet deposits and withdrawals being processed as usual

Kitco Media
By Reuters
Published:
Updated:
Reuters
March 12 (Reuters) - Signature and its digital payments platform for commercial clients Signet are processing deposits and withdrawals as usual, crypto exchange Kraken said on Sunday. State regulators closed New York-based Signature Bank earlier in the day, the third largest failure in U.S. banking history, two days after authorities shuttered Silicon Valley Bank (SVB) in a collapse that stranded billions in deposits. (Reporting by Mrinmay Dey in Bengaluru; Editing by Rashmi Aich)

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