Sign up for our newsletter
Please consider using a different web browser for better experience.
The card can be used to spend crypto and fiat around the world.
Signature's $10 billion in deposits from crypto businesses is now double that of rival Silvergate.
These deposits are seen as a proxy for growth among crypto-industry clients.
The majority of the new deposits came from cryptocurrency exchange clients.
Bitcoiners are looking for persistent USD inflation to validate their favorite asset. That’s unlikely to happen soon, economists say, but low interest rates are still a boon for BTC.
It joins several other ETP providers on the exchange, including ETC Group, with its own physically backed bitcoin product.
In an interview with CoinDesk TV, CEO Alex Mashinsky explained why CEL has drawn recent interest from altcoin investors.
He estimated it will take “years rather than months” before the Fed releases a CBDC.
“Ultimately we end up with something that looks and feels a little bit like what you see in the prime brokerage space.”