Bitfinex Enters into Partnership with Puerto Rican Bank

It was announced that one of the largest crypto-exchanges, Bitfinex, has reached an agreement on partnership with a bank in Puerto Rico. The platform, occupying a leading position in terms of trading with the first cryptocurrency, opened bank accounts in Noble Bank International. This bank is the correspondent of the largest Bank of New York Mellon. The first mention of the possible partnership agreements between the crypto-exchange platform and the bank in Puerto Rico was noted in the March reports of BitMex. There it was noted that Noble Bank is also a partner of Tether. The Bitfinex exchange is closely connected with this company.

The report of BitMex notes that the analysis of financial data suggests a sharp increase in the volume of cash deposits of banking institutions in Puerto Rico last year. And this growth in time coincided with the emissions of Tether tokens and an increase in the capitalization of the crypto-market. Bloomberg, referring to an anonymous source, writes that Noble Bank International can be considered one of the responsible links for the growth of volumes of Tether and sharp jumps in quotations of the digital assets market. During December, the bank’s deposit accounts unexpectedly increased to $ 3.3 billion. This is suspicious, since just one year ago they amounted to $191 million only.

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