The bank crisis in the US continues to affect the crypto industry and stock markets. Finally, the cryptocurrency exchange kraken, Silvergate Bank associated with Alchemy Pay (ACH) coin made an important decision.
Crypto exchange Kraken will suspend automated clearinghouse (ACH) deposits and withdrawals from March 27, with the company seeking a new banking partner following the failure of Silvergate Bank.
Cryptocurrency Exchange Kraken to Suspend ACH Deposits and Withdrawals Following Silvergate Shutdown
The exchange says that no other services will be affected by this change.
“As of March 27, 2023, Kraken customers will no longer be able to use ACH deposits and withdrawals through Silvergate,” the company said in a statement.
“We are working to make ACH financing options available through alternative financing providers as soon as possible and will share details with our clients as soon as possible.”
Kraken said no other services will be affected by this change. The exchange plans to resume ACH deposits and withdrawals as soon as it finds alternative funding providers.
ACH is an electronic funds transfer system used in the United States that allows money to be transferred from one bank account to another.
ACH transfers are often used for direct deposit of paychecks, online bill payments, and other types of electronic transfers.
Alchemy Pay price is up 2.60% in the last 7 days. The price has dropped 5.88% in the last 24 hours. The price is up 1.73% in just the past hour. Current price is $0.0357 per ACH. Alchemy Pay is 82.14 percent below its all-time high at $0.20.
The current circulating supply is 5,082,155,932,356 ACH.
At the time of this writing, ACH coin was trading at $0.035650.
*Not investment advice.
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