Cryptocurrency exchange Binance said it is converting $1 billion worth of Binance USD (BUSD) into bitcoin (BTC), ether (ETH), BNB coin (BNB) and other tokens to support the market.

The transaction from Binance’s industry fund to BUSD took 5 seconds and cost just $1.29

The move likely contributed to buying pressure. Bitcoin jumped more than $22,500 in Asian hours Monday, while ether rebounded at $1,600. BNB rose more than 10 percent to over $300, setting a two-week high.

The cryptocurrency market suffered another blow in the early Asian hours when U.S. regulators shut down cryptocurrency bank Signature Bank, causing additional stress on the market.

Regulators shut down Silvergate early last week and Silicon Valley Bank collapsed on Friday night, causing markets to crash over the weekend as investors rushed to protect their capital.