OKCOIN Crypto Clients have lost the opportunity to make deposits in dollars – Bits Media

Okcoin cryptocurrency exchange has temporarily forbade its customers to make deposits in US dollars, Referring to problems due to the collapse of Signature Bank.

“Our team is very hard to work on alternative channels and solutions in real time. We experienced much worst times since our founding. ", - wrote on Twitter, General Director Okcoin Hong Fan (Hong Fang). 

Okcoin became the first crypto -tank, which has lost the ability-albeit temporarily-to process deposits in US dollars due to the new American banking crisis.

Okcoin is a subsidiary of the cryptocurrency of the OLX platform. By
Coingecko data, native token OKX, OKB has not yet suffered from what was happening and over the past day it has even risen in price by 3.7%.

Earlier representatives of the US Department of Finance, Fed and Federal Corporation for Loster Insurance (FDIC) stated, that Signature Bank represents the same systemic risk, Like the Silicon Valley on the eve of, Therefore, they suspended the work of the bank. The regulators promised, that the deposits of Signature will be returned to the owners, As well as Silicon Valley Bank deposits. Against the backdrop of positive news, the courses of the Steabelcoins USDC and DAI have practically returned to $1. These stabilcoins untied the US dollar after the collapse of Silicon Valley.