- OKCoin trade has briefly suspended USD deposits on their platform in response to Signature Financial institution (NASDAQ:)’s failure.
- CEO Hong Fang has reassured clients that their company and buyer funds have remained protected.
- Essential capabilities resembling crypto withdrawals and deposits have remained unaffected.
Cryptocurrency exchanges have been grappling with the results of the USDC depeg breakdown attributable to Silicon Valley Financial institution’s liquidations. Amongst them is OKCoin, a well-established cryptocurrency trade that has halted USD deposits and over-the-counter buying and selling.
OKCoin, a U.S.-based cryptocurrency trade and affiliate of OKX, has briefly suspended USD deposits in response to the latest failure of Signature Financial institution. The CEO of OKCoin and President of OKX, Hong Fang, went to Twitter to share the information.
Fang has acknowledged that whereas some providers on the trade…
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