Dear Investors, Silvergate Capital (SI), a friendly banking partner for cryptocurrency firms, is now on the brink of collapse. The company, headquartered in La Jolla, California, announced on Friday evening that it is suspending its Silvergate Exchange Network (SEN), while noting that its other deposit-related services are still operational.
The Fall of Crypto-Friendly Bank Silvergate
The Fall of Crypto-Friendly Bank Silvergate
The Fall of Crypto-Friendly Bank Silvergate
Dear Investors, Silvergate Capital (SI), a friendly banking partner for cryptocurrency firms, is now on the brink of collapse. The company, headquartered in La Jolla, California, announced on Friday evening that it is suspending its Silvergate Exchange Network (SEN), while noting that its other deposit-related services are still operational.