UK banks delay cryptocurrency platform payments by approximately 40%

Industry surveys show that approximately 40% of payments to cryptocurrency trading platforms are intercepted or delayed by UK banks, and 80% of surveyed exchanges reported that customer payment disruptions have significantly intensified in the past year. The investigation covers 10 large centralized exchanges operating in the UK, including Coinbase, Kraken, OKX, Gemini, Bitpanda, among others. One of the exchanges reported that approximately £ 1 billion worth of transactions in the UK over the past year were rejected due to bank interceptions. 70% of exchanges believe that the banking environment in the UK has become 'more hostile', and related restrictions are affecting their willingness to invest, expand, and recruit in the UK.