One of the first banks to dive into crypto is exiting the business, citing 'recent developments' in the market

Jan 9 2023 by Business Insider

 

(Photo illustration by Jonathan Raa/NurPhoto via Getty Images)

Metropolitan Commercial Bank says the firm will terminate its crypto-related offerings for clients. The bank was one of the first to jump into the nascent digital asset market. The firm cited changes in the regulatory environment as part of its decision. 

One of the first banks to dive into crypto is exiting the business.

Metropolitan Commercial Bank's holding company says its the firm will wind down its crypto-related offerings...

Continue Reading One of the first banks to dive into crypto is exiting the business, citing 'recent developments' in the market