Barclays Bank UK ending Coinbase partnership

[JollyGood]

I don't have a massive amount of confidence in Clearbank's partnership lasting. The Zcash thing is a rapid demonstration of that. The smaller the bank, the easier they'll be pushed around, the twitchier they'll be and the quicker they'll be to fold when put under pressure.

In a country with banking as crypto hostile as Britain Coinbase need a heavyweight on side, not an upstart.

I agree that Coinbase needed a heavyweight with a proven track record in the UK rather than an upstart but Clearbank is not exactly a novice.

If Zcash was dropped from the deal there has to be some sort of pressure from somewhere otherwise they would have added it to a growing list of coins. It will be interesting to see how this unfolds and how Coinbase make further announcements in its press releases.

[RealMalatesta]

I am not sure whether I should count this news as a bad one or just one of those things because if their partnership has been string all these while and Coinbase has probably not defaulted in whatever agreement they made financially, I dint know why they should actually separate, I just hope that it is not as a result of government’s issue, because Uk has not really been saying much about cryptocurrency like United stated has, and you have to fear those who keeps things inside because they could be very dangerous, let’s just hope UK will not be coming up with its own fight like India, because we don’t need all these now that we are all trying to let government get to regulate crypto which some countries are already complying to.

[Docnaster]

People are harking about this news as if it is something that actually affects either Coinbase or Barclays. It was a business tie-up. It ended. There'll be other banks and other relationships that'll be worked on behind the scenes. No point in rebroadcasting the same news in multiple posts here. I also did not consider Barclays to be a big roleplayer in crypto sector.

Stuff like this is notable. The UK crypto scene is stunted because of the lack of banking. This was a big step towards it catching up.

The US crypto scene is dependent on a very small number of banks. If one of them throws in the towel in a similar manner you can bet your tight buns it would be major news. Whether we like it or not conventional banking is a major factor.

How did you know about my tight buns?  Some say I have Captain America buns!
Getting back to topic, perhaps I don't give much importance to Barclays because it is not omnipresent from where I am. So I guess I spoke out of geographical context incorrectly.
However, I still don't see the point of repeating the same news over and over again. It is not going to be sensationalized just by that.. this is perhaps the 4th or 5th such post regarding the same news.

[JollyGood]

People are harking about this news as if it is something that actually affects either Coinbase or Barclays. It was a business tie-up. It ended. There'll be other banks and other relationships that'll be worked on behind the scenes. No point in rebroadcasting the same news in multiple posts here. I also did not consider Barclays to be a big roleplayer in crypto sector.

Stuff like this is notable. The UK crypto scene is stunted because of the lack of banking. This was a big step towards it catching up.

The US crypto scene is dependent on a very small number of banks. If one of them throws in the towel in a similar manner you can bet your tight buns it would be major news. Whether we like it or not conventional banking is a major factor.

I have to agree with this. If there was more movement regulation wise within the UK banking field towards crypto wider implementation then it would narrow the gap between conventional banking and crypto.

Right now any move whether deemed positive or negative between exchanges and UK banks will make the news and that is a good thing because it keeps the current disparity for all to see.

[Docnaster]

People are harking about this news as if it is something that actually affects either Coinbase or Barclays. It was a business tie-up. It ended. There'll be other banks and other relationships that'll be worked on behind the scenes. No point in rebroadcasting the same news in multiple posts here. I also did not consider Barclays to be a big roleplayer in crypto sector.

Stuff like this is notable. The UK crypto scene is stunted because of the lack of banking. This was a big step towards it catching up.

The US crypto scene is dependent on a very small number of banks. If one of them throws in the towel in a similar manner you can bet your tight buns it would be major news. Whether we like it or not conventional banking is a major factor.

I have to agree with this. If there was more movement regulation wise within the UK banking field towards crypto wider implementation then it would narrow the gap between conventional banking and crypto.

Right now any move whether deemed positive or negative between exchanges and UK banks will make the news and that is a good thing because it keeps the current disparity for all to see.

Don't you think we need more positive news rather than negative news about Bitcoins and cryptos in general? Rarely do I remember news outlets saying good things about crypto or Bitcoin.
It's like they have a vendetta against this sector. Even in places where Barclays is not relevant, they are going to talk about this in a negative way. These same people never set foot inside a Barclay bank in their entire life.