Circle, Paxos, Bitstamp and Galaxy join Coinbase in scaling back partnerships with Silvergate Bank

by Aurelia Butler 2 March 2023, 22:00 189 Views

Amid news that crypto exchange Coinbase (NASDAQ:COIN) would no longer accept or initiate payments with Silvergate, companies including stablecoin issuers Paxos and Circle and Mike Novogratz’s Galaxy Digital have announced similar actions regarding their partnerships with the crypto bank. Galaxy Digital announced on March 2 that it had stopped accepting or initiating transfers to the bank “out of an abundance of caution”.

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Source: Cryptocurrency - investing.com

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Circle, Paxos, Bitstamp and Galaxy join Coinbase in scaling back partnerships with Silvergate Bank

Russian bank issues first on-chain bank guarantee in Chinese yuan

Porn Zoom bomb forces cancellation of Fed’s Waller event

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