Metropolitan Commercial Bank Closes Crypto Vertical, Emphasises it Has No Liabilities
US Metropolitan Bank Holding Corp., the parent company of the New York-based, $6.4 billion-asset-heavy Metropolitan Commercial Bank (MCB), said it would "fully exit the crypto-asset related vertical." Mark R. DeFazio, Pr...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Mark R. DeFazio, President and CEO of MCB, stated that this announcement "represents the culmination of a process that began in 2017, when we decided to pivot away from crypto and not grow the business."...
Read More: Metropolitan Commercial Bank Closes Crypto Vertical, Emphasises it Has No Liabilities
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
This public company quit solar for a $5 million Bitcoin bet, now it has just $166,000 in cash
Sono Group’s transition to a Bitcoin-heavy treasury is laying bare the severe financial strain at the core of the restructured com...
How a Bitcoin Treasury company sold 600 BTC to cut debt but still ended up with $60 million due in December
Nakamoto, the parent company of Bitcoin Magazine, faces a near-term balance-sheet test at year-end, when 60 million USDT of a Bitc...
Nasdaq healthcare company promised Bitcoin would safeguard its future – then sold every coin to stay afloat
The OneMedNet treasury’s Bitcoin holdings reached zero at June 30, 2026, completing a steady drawdown of the healthcare-data compa...
XRP Price Prediction: Wells Fargo Disclosed Millions in XRP Holding
XRP price trades near $1.00, remaining near the key level that separates confidence from doubt for its prediction. That flatline h...
Slowing ETF demand and corporate treasury selling are breaking the math behind Wall Street’s $16 trillion Bitcoin target
Bitcoin market cap must rise to ARK Invest's roughly $16 trillion 2030 base case, requiring about 78.6% annual growth from the cur...
Bank of Russia Lets Brokers Count Crypto as Capital. Anything Off-List Is Treated as 100% Risk
The central bank's draft rules recognise digital currencies as capital, but treat anything outside its approved perimeter as pure...