RATE Group | We Finally Know Why Coinbase UK Dumped ‘Anonymous Crypto’ Zcash
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We Finally Know Why Coinbase UK Dumped ‘Anonymous Crypto’ Zcash

17 Aug We Finally Know Why Coinbase UK Dumped ‘Anonymous Crypto’ Zcash

Posted at 14:55h in Cryptocurrency News by

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Zcash cryptocurrency

We finally know the real reason why Coinbase UK unexpectedly dumped Zcash, one of the best-known “anonymous” crypto tokens. | Source: Shutterstock

By CCN Markets: Coinbase users in the UK continue to get bad news, with the latest impacting Zcash holders specifically. The rumor mill began to churn this week when the cryptocurrency exchange unexpectedly dumped ZEC. Now there’s finally confirmation for at least one of the reasons that were bandied about.

UK-based banking giant Barclays severed its relationship with the cryptocurrency exchange. According to CoinDesk, Coinbase is now banking with ClearBank who reportedly demanded that the exchange delist Zcash.

Coinbase move shows crypto banking struggles remain in focus

Barclays Cryptocurrency trading desk
Barclays dumped Coinbase UK, who subsequently waved goodbye to Zcash to appease its new financial institution. | Source: Shutterstock

The decision to give Zcash the cold shoulder understandably raised questions about how the move affects privacy-focused…

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