Coinbase reducing ties with Silvergate forces crypto hedge fund to discover a new financial institution By Cointelegraph

© Reuters

Silvergate Financial institution — a outstanding lender to crypto companies — misplaced 5 companions on March 2 because of a slew of investigations and lawsuits in opposition to it.

Coinbase (NASDAQ:), Paxos, Gemini, BitStamp and Galaxy Digital have been among the most notable crypto companies utilizing Silvergate as their banking companion. Nevertheless, the termination of service by Coinbase has additionally compelled a crypto hedge fund to search for an alternate banking companion.

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