Silvergate Bank recently announced a delay in filing its annual report, sending its stock price down over %30.
its partnership with Silvergate Bank as its U.S. dollar banking partner, citing the ongoing investigation. In an announcement tweet, the exchange said:
"In light of recent developments & out of an abundance of caution, Coinbase is no longer accepting or initiating payments to or from Silvergate." The crypto exchange will facilitate institutional client cash transactions with their other banking partner Signature Bank.This is a developing story, and further information will be added as it becomes available.
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