Barclays ends groundbreaking crypto partnership with Coinbase

UK bank Barclays has ceased services for US cryptocurrency exchange Coinbase as a groundbreaking deal was completed that allowed the exchange platform to more easily sell crypto in pounds.

For Coinbase, the loss means it no longer has access to the UK’s Faster Payments Scheme (FPS), which allows customers to instantly withdraw and deposit pounds sterling on its platform.

The crypto exchange is now trying to replace Barclays with British challenger ClearBank, who …

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