Metropolitan Commercial Bank has almost completely left crypto business
Join Our Telegram channel to stay up to date on breaking news coverage While many are looking for ways to enter the crypto industry and attract crypto users and community members to their business , the situation is completely reversed when it comes to the Metropolitan Commercial Bank. The bank has decided to leave the crypto industry some time ago, and while doing so has been a process, its recent filing suggests that it is approaching its end. Metropolitan Commercial Bank wants out of crypto The bank explained in its recent filing with the Securities and Exchange Commission (SEC) that there is only $278.5 million in crypto-related deposits left. Once this final portion has been resolved, the bank will be completely out of the crypto market. According to Metropolitan Commercial Bank’s SEC filing, the termination of cryptocurrency-related services is almost complete, with only $278.5 million in cryptocurrency-related deposits remaining as of March 31, 2023. Beyond t...