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CoinGape

2023-01-05 15:01:12

Breaking: Silvergate Stock Crashes Nearly 50% As Firm Struggles With Crypto Deposits

Breaking: Silvergate Stock Crashes Nearly 50% As Firm Struggles With Crypto Deposits

On Thursday, shares of Silvergate Capital have been hit hard and are currently on a steady decline of nearly 50%. This comes after the crypto-focused bank revealed its preliminary results for the final quarter which showed a large number of crypto withdrawals. The total deposits made by clients of digital assets fell to nearly $3.8 The post Breaking: Silvergate Stock Crashes Nearly 50% As Firm Struggles With Crypto Deposits appeared first on CoinGape .

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