Signature Bank Statement from Bitcoin Exchange Gemini!

While the news of closures coming from US banks one after another, investors are uneasy. cryptocurrency statements continue to come from the platforms.

In this context, the latest statement was that the SEC filed a lawsuit in recent weeks for alleged unregistered sale of securities. Gemini’came from

Making a statement on Twitter, Gemini, the crypto-friendly bank that was recently closed Signature He said he didn’t hold client funds at the bank.

Also in Signature Gemini Dollar (GUSD) Gemini stated that the funds of all Gemini customers are held at JPMorgan, Goldman Sachs and State Street Bank.

“So sad to hear the news about Signature Bank. They have been incredible partners for Gemini and our industry for much of a decade.

We have zero client funds and zero Gemini Dollar (GUSD) funds held at Signature Bank.

All Gemini client US dollars are held at JPMorgan, Goldman Sachs and State Street Bank.

All GUSD reserves are held at State Street Bank, Goldman Sachs and Fidelity.

As a reminder, Gemini is a reliable exchange. This means that all client funds and Gemini dollar reserves are held at Gemini in a 1:1 ratio and are available for withdrawal at any time.”

Lastly, Gemini added that they are actively working to prevent Gemini customers from being affected by the risks arising from banking partnerships and that they follow the events in the market.

1/ It’s very sad to hear the news about Signature Bank. They have been incredible partners to Gemini and our industry for the better part of a decade.

We have zero customer funds and zero Gemini dollar (GUSD) funds held at Signature Bank.

— Gemini (@Gemini) March 13, 2023