Silvergate Uncertainties May Put TradFi Heavy Hitters' Stakes in Jeopardy

2023-3-2 01:59

Silvergate shares have tumbled 29% in after hours trading on Wednesday as the crypto-friendly lender raised a “going concern” issue in a regulatory filing.

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silvergate crypto-friendly wednesday lender regulatory filing issue

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Silvergate Capital shares plunge nearly 50% amid crypto-related negativity

Silvergate Capital Corp (NYSE: SI) shares dropped sharply on Thursday, with intraday declines as of midday more than 47% to see the crypto-focused bank’s stock trade around $11. 52. Silvergate shares fall as investors withdraw $8 billion in deposits Losses for crypto-friendly bank’s shares followed the company’s fourth-quarter report before markets opened.

2023-1-6 20:18


Silvergate Bank Closes Out 2019 WIth Over 800 Crypto-Related Clients Despite Down Q4

One of the most crypto-friendly banks in the US, Silvergate, added 48 clients that use cryptocurrencies, in Q4 of 2019. In a published report, this week on Silvergate's earnings shows a 4% decrease in the deposits from their crypto customers, even though the La Jolla California-based bank managed to add almost fifty new crypto clients […]

2020-1-30 00:38