UK Finance Expels Coinbase from Banking Trade Body

Coinbase has been removed from UK Finance, the trade association representing approximately 300 banking and financial firms. The board terminated the exchange's membership following a review of its eligibility framework, though Coinbase retains the right to appeal. The expulsion does not impact Coinbase's regulatory licenses from the Financial Conduct Authority (FCA) or its ongoing UK operations. This development occurs amid persistent friction between UK banks and crypto firms, with industry reports indicating that banks have frequently blocked or delayed payments to crypto platforms.