Silvergate Bank Announces Plans to Shut Down Amid Market Turmoil Following FTX Collapse
Crypto banking colossus Silvergate on Wednesday said it will shut down in the face of market turmoil and regulatory pressure. Silvergate Bank opened in 1988 and started “pursuing digital currency customers” in 2013, according to its parent company Silvergate Capital Corporation. “In light of recent industry and regulatory developments, Silvergate believes that an orderly wind … Read more