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Signature Bank’s Q3 Deposits Grow by $10B to $95.57B
Q3 net income increased to $241.4M from $138.6M during the same period last year.
Von Jamie Crawley
Signature Bank added $10 billion in deposits in the third quarter, which included “notable contributions” from its digital assets service.
- Deposits for the New York-based bank grew to a total of $95.57 billion, the company announced Tuesday.
- Signature did not specifically report how much of the growth was due to digital asset deposits, but described the “notable contributions” to the increase from its digital assets banking team.
- The contribution included its Ethereum-based digital payments platform Signet, the first such platform approved approved for use by the New York State Department of Financial Services.
Read more: Signature Bank Taps Tether Rival TrueUSD for Payments Platform
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French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
Wat u moet weten:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
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