JPMorgan Chase & Co is cutting ties with Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, according to a source familiar with the situation.
The decision comes days after Silvergate Capital Corp (SI.N), one of the most influential lenders in the digital asset industry, warned of doubts over its ability to continue as a going concern, fueling a rout in the crypto markets.
Source: JPMorgan ending banking relationship with crypto exchange Gemini – source