be felt by its clients during this transition period.
The decision to terminate the partnership with Silvergate Bank comes in the wake of an ongoing investigation by the US Securities and Exchange Commission (SEC) into the crypto exchange. The SEC is reportedly looking into whether Coinbase has been offering unregistered securities to its clients.
Coinbase has been one of the most popular crypto exchanges in the world, with millions of users trading various cryptocurrencies on its platform. The exchange has been expanding its services to cater to institutional clients as well, offering them a range of products and services.
The termination of the partnership with Silvergate Bank is likely to have an impact on Coinbase’s operations, as the bank has been one of its key banking partners. However, the exchange has assured its clients that it has taken all necessary measures to ensure that there will be no disruption to its services.
The crypto industry has been facing increased scrutiny from regulators around the world, with many countries introducing new regulations to govern the sector. The SEC has been particularly active in investigating crypto companies, with several high-profile cases in recent years.
Coinbase’s decision to terminate its partnership with Silvergate Bank is a clear indication that the exchange is taking the SEC’s investigation seriously and is willing to take proactive measures to ensure compliance with regulations. It remains to be seen how this will impact the exchange’s operations in the long run.
