Barclays is no longer banking Coinbase

Barclays, the London-based global bank, is no longer working with Coinbase. Coinbase found a replacement in U.K. upstart ClearBank, but the switch as noticeably even if indirectly inconvenienced the exchange’s users, CoinDesk reports, since the Barclay's relationship connected Coinbase to the U.K. Faster Payments Scheme (FPS), enabling users to instantly withdraw and deposit British pounds at the exchange. Barclays, ClearBank and Coinbase all declined to comment.

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