Summary: Major crypto exchange Coinbase has dropped Silvergate bank as its partner for USD deposits and withdrawals, per a company memo. The digital asset platform directed institutional Prime users to update payment instructions to the new banking partner – Signature. Crypto companies like Kraken and FTX’s LedgerX also switched banking partners recently. Coinbase will no longer use Silvergate as its partner banking partner for Coinbase Prime, one of the crypto company’s institutional products, per a company memo. Moving forward, the
