2min chapter

Coin Stories with Natalie Brunell cover image

James Block: Investigating Crypto Exchanges

Coin Stories with Natalie Brunell

CHAPTER

Signet - The Bank That Banked Cryptocurrencies

Signature is almost kind of like an intermediary. It's sort of the bank that the crypto exchanges use in order to get connected to the traditional, the legacy system. They don't really have a lot of controls on the transfers or anything that's happening once you get inside their system. So they ended up banking a lot of major players, including FTX and Alameda. And I think there may be some regulators who are kind of looking into them now.

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