Coinbase Drops Silvergate as USD Banking Partner for Prime Cus | Bitcoin Insights

Coinbase Drops Silvergate as USD Banking Partner for Prime Customers, Moving to Signature: Memo

Coinbase announced that it is no longer accepting or initiating payments to or from Silvergate. Crypto friendly bank Silvergate said it would be unable to meet an extended March 16 deadline for submitting its annual report. Its stock price has down -45.37% on Pre-Market.

"Coinbase Prime has elected to make changes to our USD banking partners," the firm said in a message to customers. "We are facilitating fiat withdrawals and deposits using Signature Bank, effective immediately."

Link

@Bitcoin_Insights