I have read this news several times and it seems to me that both barclays and coinbase are then striving to hide the real reason for the end of their partnership. My question is: Why they hiding the real reason? if it were regulatory issues, they would have immediately mentioned or barclays and coinbase are trying to convince the government and because of that they don't want press interference because it could cause some problem in barclays relationship with the government and both coinbase would also face the government... If we had an investigative press, we would have all the details of this news.
It does seem strange that two very large financial entities will end their partnership and not really give any real reason for doing so.
Coinbase has teamed with another UK bank which is reported to be a small new bank called Clearbank but the whole thing surrounding Barclays seems shrouded in secrecy for some reason.
And it can be seen Coinbase has not promoted the Clearbank deal with any fanfare unlike when they did with the Barclays deal, which they maximised for publicity.
None will give a reason. The bank can well say, it's not of our business (and it's true) if something needs to be announced it's supposed to come from Coinbase.
A bank can terminate the relationship at any time and at its own discretion and isn't even forced to give a reason to the customer, it's written on the contracts. (no matter if it's a company or individual) Of course, in such situation companies don't promote their failure, and Coinbase itself maybe can't give a reason, since there is a chance it doesn't know it itself.
