Lars Holst, the CEO and founder of London based digital prime brokerage firm GCEX, has put out a note that the company has exposure to New York based Signature Bank, which was taken over by US financial regulators over the weekend.
GCEX has no exposure to either of the other two US banks to have failed in the past week, Silvergate and Silicon Valley Bank.
Holst added that since the US Government has said that it will protect all depositors, the exposure is indeed “limited”.
Signature Bank did a lot of business with crypto related companies, including GCEX.
The full statement made by Mr. Holst regarding GCEX follows.
I am reaching out today to affirm that GCEX has not been impacted by recent events. GCEX remains financially strong, profitable and open for business – backed by True…
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