TechFlow news — According to sources, Customers Bank is closing bank accounts for some crypto hedge funds, primarily as part of internal management and cleaning up inactive accounts. The bank limits deposits from crypto clients to 15% of total deposits to manage digital asset risk.
This move has affected certain cryptocurrency companies, but it does not represent a large-scale withdrawal of funds.
The bank reportedly provides services to major players in the crypto industry, including Galaxy Digital (GLXY), Coinbase (COIN), and Circle.
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