Barclays stops serving Coinbase in banking

According to the CoinDesk report , the British bank Barclays would have ended its collaboration with the cryptocurrency US Coinbase.

Barclays is no longer the bank of Coinbase

The relationship between Coinbase and Barclays has recently come to an abrupt end . The announcement of this rupture has made the crypto-community react, knowing that the bridge linking the cryptocurrency sector and traditional finance is now weakened.

Among other things, Coinbase customers who are used to the services of Faster Payments Scheme will be the first to suffer, which would not be without consequences on the use and circulation of cryptocurrencies in the United Kingdom.

For the moment, the situation is still confusing for observers. The following comments were collected from an anonymous source.

"I understand that risk appetite has somewhat lessened for Barclays - I do not exactly know the real reasons, but maybe there have been some decisions that have not pleased him. It would be a discomfort that Barclays feels vis-à-vis crypto-currencies as a whole. "

Coinbase continues its ascent

Coinbase quickly found a shoe on its heels and entered into a new partnership with a nascent bank, Clearbank.

The incident with his former banker did not have a negative impact on the running of Coinbase's activities, as the crypto-stock market shows a growing number of new users. Its CEO, Brian Armstrong, is very motivated to make cryptocurrency trading flourish and strengthen its prosperity.

For its part, the withdrawal vis-à-vis cryptocurrencies is not surprising from Barclays. The latter has abandoned its cryptocurrency trading activities since 2018.

What do you think of this withdrawal of Barclays' services from Coinbase? Tell us your opinion in the comment section below.