The last year proved to be another turbulent year for the crypto industry. From a lasting market downturn and exploits in decentralized finance (DeFi) to the FTX scandal, no area was left unscathed.
For some, the happenings in the space proved unsustainable for business. The Metropolitan Bank Holding Corp, the holding company for New York-based Metropolitan Commercial Bank (MCB), announced it is completely exiting its crypto-assets vertical.