Struggling Crypto Bank Silvergate Shuts Down Popular Platform

Published by
The Street

By Luc Olinga Silvergate has previously warned that its survival is not certain due to financial setbacks. Moody’s Investors Service has downgraded its ratings. This is additional bad news in the crypto sphere. News that adds to a long cycle that continues to grow since last summer. Silvergate Capital Corporation (SI) – Get Free Report, known as the crypto bank, is trying to survive. The firm warned this week that it was uncertain whether it could continue to operate in the coming months. In the meantime, it has decided to shut down a platform used by institutional investors to move money to c…

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