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Crypto Friendly Customers Bank Said to Debank Some Digital Asset Hedge Funds

June 8, 2024
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The West Studying, Pennsylvania-based firm, which is owned by Prospects Bancorp (CUBI), offers solely in U.S. {dollars} and doesn’t settle for cryptocurrency or make loans to assist crypto actions. It provides its purchasers, estimated at effectively over 100 digital asset companies, a real-time blockchain-based funds platform referred to as Buyer Financial institution Prompt Token (CBIT) that enables crypto purchasers to make U.S. greenback funds 24/7.



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