March 12 (Reuters) - Signature and its digital payments platform for commercial clients Signet are processing deposits and withdrawals as usual, crypto exchange Kraken said on Sunday.

State regulators closed New York-based Signature Bank earlier in the day, the third largest failure in U.S. banking history, two days after authorities shuttered Silicon Valley Bank (SVB) in a collapse that stranded billions in deposits. (Reporting by Mrinmay Dey in Bengaluru; Editing by Rashmi Aich)