Crypto clients millions are handling by metropolitan bank

Crypto clients millions are handling by metropolitan bank
фото показано с : bitcoints.com

2018-6-18 09:04

These clients include a few exchanges, as well as hedge funds and other crypto investors that bank at Metropolitan because it’s easier to quickly move their money to those exchanges.
(To be clear: the bank only handles fiat for customers and does not touch crypto itself.)
In the first quarter, cash management and foreign exchange conversion fees from cryptocurrency clients totaled $3.4 million, the bank disclosed in an investor presentation.
If that doesn’t sound like a lot of money, keep in mind that Metropolitan is a community bank.
‘High-touch relationship’
One reason Metropolitan Bank is an outlier in embracing the crypto industry is that most banks can’t stomach the risks.

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bank crypto exchanges metropolitan clients handles fiat

Источник: bitcoints.com

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