Bitfinex, one of the leading Bitcoin exchanges, has completely stopped accepting deposits in the US Dollar, Euro, Yen and the British Pound, reports The Block.
This was also posted on Twitter by a well-known trader in the community, Squeeze, by attaching an appropriate screenshot.
— Squeeze (@cryptoSqueeze) October 11, 2018
According to the appeal, the exchange expects to normalize the situation within a week.
Earlier it became known about the possible partnership of the platform with HSBC Bank through the company Global Trading Solution, LLC.
Platform users are offered to make dollar deposits in a private account of Global Trading Solution, LLC. At that, the beneficiary bank indicated the American division of HSBC Bank.
The Block’s Larry Cermak first tweeted about Bitfinex’s possible new banking relationship and restrictions on certain currency deposits on Saturday morning. Due to the nature of the private account, it is not clear whether HSBC is aware that Bitfinex is banking with the firm. Nor is the extent of the relationship between the two firms clear.
Bitfinex is now banking with HSBC through a private account of Global Trading Solutions. Very good fit if you ask me. It’s also worth mentioning that all EUR, JPY and GBP deposits are paused but Bitfinex “expects the situation to normalize within a week”. Banking issues? pic.twitter.com/1pxQ13NO0m
— Larry Cermak (@lawmaster) October 6, 2018
Bitfinex has had a long and winding banking history. In April 2017, a banking connection between Wells Fargo and Bitfinex finished. Bitfinex and Tether at that point moved their banking business to Noble International later in the prior year, starting to move their equalizations late this past summer.
Representatives of the exchange declined to comment on the alleged cooperation with HSBC.
“Bitfinex does not, and has never, commented on actual or potential business relationships and this is not subject to change now,” said Kasper Rasmussen, director of communications at Bitfinex.