Cryptocurrency exchange Coinbase Global Inc said on Thursday it was no longer accepting or initiating payments to or from troubled lender Silvergate Capital Corp.

The decision comes a day after Silvergate warned about the viability of its business, saying it was "evaluating its ability to continue as a going concern."

Earlier this month, the bank reported a $1 billion loss for the fourth quarter as investors raced to withdraw deposits in the wake of crypto exchange FTX's bankruptcy.

(Reporting by Niket Nishant in Bengaluru; editing by Uttaresh Venkateshwaran)