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Silvergate Bank abruptly breaks the connection to Binance and .
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The crypto-friendly Silvergate Bank has abruptly cut ties with the crypto exchange operator Binance. Binance sent an email to customers on Wednesday with two separate copies – one in English and one in Spanish. The email states that as of June 11, Binance will no longer support deposits and withdrawals in USD via Silvergate Bank via SWIFT.
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Silvergate Bank cuts ties with Binance, affecting deposits .
Silvergate Bank Allegedly Breaks Off Partnership With Crypto .
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What Happened: Binance reportedly sent an email to customers on Wednesday, informing them that it will no longer support U.S. dollar deposits and withdrawals via Silvergate Bank over SWIFT.
Silvergate Bank to End Binance USD Deposits, Withdrawals .
Silvergate Bank Discontinues Relationship With Binance .
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Silvergate Bank, a major pro-crypto financial institution partnered with crypto exchanges ranging from Kraken to Coinbase, recently cut ties with Binance. Earlier this Wednesday, Binance sent an email to its users stating that the platform would no longer support deposits and withdrawals via Silvergate Bank over SWIFT starting this Friday.
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A Silvergate spokesperson confirmed to Blockworks that Binance.US is a customer in good standing with Silvergate and remains an active participant on the Silvergate Exchange Network (SEN).
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Crypto Bank Silvergate Cuts Ties with Binance, Discontinuing .
Silvergate Bank, one of the few financial institutions serving cryptocurrency firms, will stop processing U.S. dollar deposits and withdrawals for exchange giant Binance, people familiar with the.
Binance launched the Silvergate funding option for international users last December. (The exchange claims to block U.S. users). The option allowed users to deposit and withdraw USD to and from their Binance accounts for buying and selling crypto on Binance using local bank accounts.
Binance Opens New Fiat Option for South Africa via Silvergate 2020-12-08 We have just launched a brand new fiat funding option for Binance users in South Africa. The new channel will act as both a fiat on- and off-ramp, allowing you to deposit and withdraw funds to/from your Binance account using your local bank account.
The Forex market accounts for over $5 trillion in terms of volume being traded every day, making it the largest and most complex financial market in the world. Since the currency market is a huge and decentralized over-the-counter (OTC) exchange, one has to practice due diligence in selecting a Forex trading broker to understand the nitty .
Silvergate Bank, a major financial institution partnered with crypto exchanges ranging from Kraken to Coinbase, recently cut ties with Binance. Earlier this Wednesday, Binance sent an email to its users stating that the platform would no longer support deposits and withdrawals via Silvergate Bank over SWIFT starting this Friday.
Analyst: Binance-Silvergate Split Will be ‘Immaterial’ for .