Gemini Exchange Denies Rumors Of Losing Banking Partner, JPMorgan
According to the previous information updated in the Coindesk report that the US bank JPMorgan terminated its relationship with the Gemini cryptocurrency exchange. However, the cryptocurrency exchange soon denied the news and announced that the partnership remained intact. It is known that JPMorgan has only two customers, a cryptocurrency company, including Coinbase and Gemini.
It is known that JPMorgan has only two customers, a cryptocurrency company, including Coinbase and Gemini, supporting USD transactions for these two platforms from 2020. Coinbase representatives confirmed to CoinDesk that the relationship with JPMorgan continued as usual. The rumors arose as multiple US financial authorities simultaneously warned banks about the risks of providing services to companies exposed to the cryptocurrency sector following a rapid collapse of Sam Bankman-Fried’s FTX empire. At the same time, electronic-friendly banking information Silvergate Bank had to declare shutdown.
Source
https://t.me/DeFi_Ethereum
