Coinbase Switches from Silvergate Bank to Signature Bank for Prime Customers

Coinbase Switches from Silvergate Bank to Signature Bank for Prime Customers

Crypto exchange Coinbase switched its USD banking partner from Silvergate Bank to Signature Bank for its Prime customers. The change is specific to banking in U.S. dollars and does not affect payment instructions in pounds or euros and is effective immediately.

Silvergate Bank announced that it's unable to file the annual 10-K report for the 2022 fiscal year in a file submitted to the US Securities and Exchange Commission (SEC). After the announcement, Silvergate's stock price plummeted over 31% in after-hours trading.

Source

Coinbase

In This Article

Related News
Coinbase premium flips positive for first time in weeks, indicating rising bitcoin demand from US investors Coinbase premium flips positive for first time in weeks, indicating rising bitcoin demand from US investors
Coinbase's fiat-to-crypto onramp integrates Apple Pay Coinbase's fiat-to-crypto onramp integrates Apple Pay
Coinbase’s decision not to support Celo Layer 2 upgrade causes stir among stakeholders Coinbase’s decision not to support Celo Layer 2 upgrade causes stir among stakeholders
Coinbase shares drop 15% after weaker-than-expected earnings report Coinbase shares drop 15% after weaker-than-expected earnings report
Coinbase pledges $25 million to Fairshake PAC for pro-crypto candidates in 2026 midterms Coinbase pledges $25 million to Fairshake PAC for pro-crypto candidates in 2026 midterms
Latest News More More
8 Hours Ago 0xbow unveils ‘Privacy Pools,’ a new blockchain privacy tool drawing from Vitalik Buterin’s research
5 Days Ago Ethereum edges closer to deploying Pectra on mainnet with successful upgrade on Hoodi testnet
5 Days Ago MEXC Extends DEX+ Platform to Binance Smart Chain Users
March 25 Binance suspends employee for allegedly profiting off of insider information
March 25 BlackRock launches bitcoin ETP in Europe following US success
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open