Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank and a leading financial institution serving the blockchain industry, and Coinbase Exchange, one of the most liquid regulated crypto spot exchanges in the world, announced today their expanded relationship.
Coinbase Exchange has integrated with Signature Bank’s Signet™ platform, a revolutionary blockchain-based, digital payments platform, to provide a real-time settlement and payment rail for their institutional clients. Through this enhanced relationship, Coinbase’s Exchange clients can utilize Signet to fund and settle their Coinbase accounts in real-time, 24/7/365.
Joseph DePaolo, President and Chief Executive Officer at Signature Bank, commented on the relationship with Coinbase: “Since its 2019 unveiling, our Signet payments platform has been adopted by a majority of the key players in the digital asset space settling with each other in real time. Adding another vital member, such as Coinbase, to the Signet ecosystem only stands to further solidify Signature Bank’s leadership position in the space.”
“We are excited to support new and innovative institutional fiat rails like Signet. We will continue our investment into these rails to provide institutional investors an easy and safe way to bring fiat on platform and increase liquidity to crypto assets,” said Jim Migdal, Vice President, Business Development at Coinbase.
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