British bank Barclays has suspended cooperation with crypto exchange Coinbase British bank Barclays has stopped serving the cryptocurrency exchange Coinbase, writes CoinDesk, citing sources familiar with the situation.

British bank Barclays has suspended cooperation with crypto exchange Coinbase

British bank Barclays has stopped serving the cryptocurrency exchange Coinbase, writes CoinDesk, citing sources familiar with the situation.

Coinbase has already partnered with ClearBank, founded in 2014, to continue trading in the UK, but the change has impacted the usability of the exchange's services for customers, the sources said..

Barclays allowed Coinbase customers to work with UK-based payment processor Faster Payments to instantly deposit / withdraw fiat assets. After breaking up with Barclays, Coinbase lost access to the payment system, and fiat transfers on the exchange now take several days. Partnership with ClearBank is expected to bring back access to Coinbase users to Faster Payments by the end of the third quarter.

Coinbase opened an account with Barclays in early 2018. The exchange also received a license from the UK Financial Conduct Authority to provide services in the field of electronic money and became the first crypto company to use Faster Payments. Subsequently, industry participants noted that Barclays had noticeably lost interest in cryptocurrencies.

As an alternative version, the end of the pilot program is called, under which Barclays could provide Coinbase with its services.

Earlier it became known that Coinbase will delist the anonymous altcoin Zcash on its British platform. A source familiar with the situation said that the decision was "completely linked to the new bank." According to him, ClearBank did not want to support the cryptocurrency, which complicates the work of law enforcement agencies..

Information about the temporary termination of support for the Faster Payments system for making fiat transfers to Coinbase appeared in mid-July.

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