Company updates

Important Information Regarding Signature Bank Closure

, March 13, 2023

We’re closely following the events currently impacting the U.S. banking system, and we understand that you may have concerns about this past weekend’s shutdown of Signature Bank.

However, we’d like to reassure you that all funds held with CEX.IO are safe. No dollars were lost as the result of this event. 

With that confirmed, here are some important details about the impact to our services:

1. Your funds are fully accessible and available for withdrawal and trade. You can withdraw your fiat via all methods, including card, SWIFT, and domestic wire.

2. To prevent transaction disruptions, we are temporarily pausing bank deposits for U.S. customers via SWIFT and domestic wire.

3. All other deposit methods, including cards, GooglePay, ApplePay, Trustly, PayPal, etc. remain fully operational.

4. Crypto transactions are also fully operational. 

Here’s what’s next:

1. We’re monitoring the situation with Signature Bank very closely, and will provide updates on any changes that may affect our services as soon as possible.

2. We are considering reconfiguration of our banking rails and alternative banking solutions, and will inform you of developments in a separate communication as soon as decisions are made.

3. Please keep an eye on your inbox for updates from CEX.IO, in case of changes to bank details or the availability of individual services.     

The safety and security of customer funds is always our top priority. Our mission is to safely connect people to opportunities in cryptocurrencies and decentralized finance, serving as a guide alongside their personal journey. We take this responsibility seriously. We value the trust you place in us. There are no shortcuts in our operations or ethics.

Related

Company updates

Blockchain Conferences Digest: March 2018

The conversations about cryptocurrencies don’t stop for a single moment, and there is always something new to learn about the blockchain technology. Here, we offer you the information about the most expected and most interesting events so that you could be the first to participate. 1. Blockchain & Bitcoin

Dec 07, 2017 | 18 min read
CEX.IO News Company updates

New CEX.IO Feature: Convert Cash to USDC & Back at Select MoneyGram Locations

Our users can now seamlessly convert USDC into physical cash and vice versa at participating MoneyGram locations.

Sep 18, 2024 | 3 min read
Company updates

Satoshi Nakamoto: TOP-5 Facts about the man behind Bitcoin

Creator of Bitcoin: Who is he or she? Lately this man, or woman, has been making some headlines regarding his or her creation, Bitcoin. For the rest of this article, let’s assume it’s a man. Here are some facts on the person(s) that will shed some light on this

May 19, 2014 | 3 min read