Barclays ends partnership with cryptocurrency exchange Coinbase: sources

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Barclays is no longer providing banking services to major cryptocurrency exchang...

) is no longer providing banking services to major cryptocurrency exchange Coinbase, sources familiar with the matter told Reuters, ending a relationship that started in March last year as the exchange expanded in Europe.

Barclays declined to comment, while Coinbase did not respond to repeated requests for comment. The news was first reported by industry website CoinDesk on Wednesday. Even crypto-related firms that don’t handle digital coins, such as web designers, typically face problems in opening bank accounts, CryptoUK chair Iqbal Gandham told Reuters. The association itself could not get an account with a major UK bank, he said.

 

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the bank that likes to jump on any fad trend must have either a new plan or got bored.

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