Crypto Exchange Bybit Suspends USD Deposits

Bybit’s move comes a month after Binance, the world’s largest digital assets exchange by trading volume, halted dollar transfers and amid a crisis at Silverage, a California-based lender famous for offering traditional banking services to crypto firms, including exchanges. Last week, Silvergate said it’s evaluating “its ability to continue as a going concern” and delayed filing its annual report with the Securities and Exchange Commission.