.Bybit_Official on Saturday announced suspension of dollar deposits with immediate effect, citing issues at its banking partner. godbole17 reports.
Crypto exchange Bybit on Saturday announced a suspension of U.S. dollar deposits for national and international customers.
Users, however, can continue to deposit and withdraw crypto to and from wallet addresses and fund purchases through credit cards and other payment methods. Bybit's move comes a month after Binance, the world's largest digital assets exchange by trading volume, haltedand amid a crisis at Silverage, a California-based lender famous for offering traditional banking services to crypto firms, including exchanges. Last week, Silvergate said it's evaluating"its ability to continue as a going concern" and delayed filing its annual report with the Securities and Exchange Commission.
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