Metropolitan Commercial Bank is close to done with its exit from the cryptocurrency market with only $278.5 million in crypto-related deposits left, according to a filing with the Securities and Exchange Commission (SEC) from April 18.
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The exchange’s current banking partner is only accessible to users based in the European Economic Area (EEA).
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The crypto lender will be allowed to return a portion of customer funds locked up at the Metropolitan Commercial Bank which have been frozen until now.