Deposits at non-bank entities, including crypto firms, are not insured — FDIC
The government agency said that while deposits at insured banks were covered for up to $250,000, no such protections applied to those at crypto companies.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The government agency said that while deposits at insured banks were covered for up to $250,000, no such protections applied to those at crypto companies.
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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
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