Metropolitan Bank Holding Corp., which provides a range of business, commercial, and retail banking products and services to small businesses, middle-market enterprises, public entities, and individuals in the New York metropolitan area, has recently suspended all cryptocurrency related operations, including transfers.
As it is described by Bloomberg,
“Metropolitan Bank Holding Corp offers checking, savings, term deposit, and money market accounts, as well as certificates of deposit. The company also provides lending products, including commercial real estate, multifamily, construction, and one- to four-family residential loans; commercial and industrial loans; commercial and industrial loans”
A few days ago the bank announce that in the nearest future it will be “ceasing all international crypto-related wire transfers”. Metropolitan Bank has always been cryptocurrency friendly institution, which supported innovations and Big Data. Thus, such unpleasant news will most likely influence its stock price.