Bloomberg shared information that the Bitfinex Exchange has started cooperation with a bank in Puerto Rico. If you believe the publication, the exchange has billed accounts in Noble Bank International, which plays the role of a correspondent bank of the Bank of New York Mellon.
Extracts from old news
Back in March of this year, the BitMex report mentioned possible partnerships with a bank based in Puerto Rico. In addition, it also said that Noble Bank International is a bank partner of Tether.
How the growth of the crypto market affected banks
In the above-mentioned document it is noted that, according to the aggregate financial data in 2017, financial institutions from Puerto Rico drew attention to a noticeably increased amount of cash deposits, which correlated with the increase in Tether emissions and the growth of cryptology as a whole.
One source of the publication explained that Noble Bank International “for” this increase. For the year, the bank’s cash deposits from $ 191 million increased to $ 3.3 billion.