Coinbase had about $240m cash balance with shuttered Signature Bank

Coinbase had about $240m cash balance with shuttered Signature Bank

A representation of the cryptocurrency is seen in front of Coinbase logo in this illustration taken, March 4, 2022. REUTERS/Dado Ruvic/Illustration

Coinbase Global Inc has about $240 million in corporate cash balance with Signature Bank, the U.S. crypto exchange said in a tweet on Sunday, hours after the state regulators closed the New York-based lender.