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Home > Tech Path Crypto > 1002. Silvergate Bank Collapse Crashes Crypto | Multiple Withdrawals Halted
Podcast: Tech Path Crypto
Episode:

1002. Silvergate Bank Collapse Crashes Crypto | Multiple Withdrawals Halted

Category: News & Politics
Duration: 00:29:04
Publish Date: 2023-03-03 20:14:22
Description: The vast majority of crypto-friendly Silvergate Bank's (SI) industry clients have left or are leaving the company less than a day after it announced it would have to review its books with its auditors and warned of several headwinds. The bank's share price has fallen more than 50%, to all-time-low, on the day's trading.Silvergate's clients Coinbase, Circle, Paxos, Crypto.com, Bitstamp, Cboe Digital Markets and Gemini said they will suspend business with the bank. This might also prove to have more far-reaching short-term effects on the markets as well.
~This Episode is Sponsored By Ledger~
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