Tagged: customer deposits

Digital Bank Revolut Pursues UK Banking License Anticipates Half of its Clients to Deposit Salaries and Use it As Primary Account

Prominent digital bank Revolut is expecting half of its clients to deposit their salaries and switch over to Revolut as their main bank account provider, after the Fintech challenger has acquired a banking license. Revolut issued a statement earlier today stating it has submitted its… Read More

Ballet Milestone: Crypto Wallet Company Announces $21 Million in Customer Deposits Just One Year After Launch

Ballet, a U.S.-based cryptocurrency wallet startup, announced on Wednesday its platform has reached $21 million in customer deposits. This milestone comes just one year after the wallet platform made its debut. Founded in 2019, Ballet claims to be the first multicurrency, non-electronic, physical crypto wallet…. Read More

New York’s Crypto Friendly Signature Bank Reveals $8 Billion in Deposit Growth this Quarter, with 2.5% of them from Blockchain Firms

New York-based Signature Bank (Nasdaq: SBNY), a cryptocurrency-friendly commercial bank with around $50 billion in total assets, has reported consistent and steady growth this quarter. According to the bank’s recent earnings call, it has achieved around $8 billion in deposit growth. Approximately 2.5% of these… Read More

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