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Crypto exchange Coinbase ditches embattled lender Silvergate

Coinbase said it would partner with other financial institutions to facilitate cash transactions for clients who had parked funds with the exchange, and that it had stopped accepting or initiating payments to or from Silvergate. Shares of Silvergate near

Coinbase said it would partner with other financial institutions to facilitate cash transactions for clients who had parked funds with the exchange, and that it had stopped accepting or initiating payments to or from Silvergate. Shares of Silvergate nearly halved after the announcement from Coinbase to $7.06 in early morning trading. Coinbase shares were down nearly 7% at $60.12.

by wjb news
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