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coinpedia
2023-03-09 06:24:29

Silvergate Capital to Liquidate Bank Amid Regulatory Crackdown

Silvergate Capital to Liquidate Bank Amid Regulatory Crackdown

The post Silvergate Capital to Liquidate Bank Amid Regulatory Crackdown appeared first on Coinpedia Fintech News Silvergate Capital, a central lender to the cryptocurrency industry, has announced the winding down of its operations and the liquidation of its bank. The company is one of the two primary banks for crypto firms, along with Signature Bank. The liquidation announcement caused the stock to plunge more than 36% in after-hours trading. Reasons for …

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