Silvergate Shares Fall 10% | 7 March 2023 | Daily Morning Note

Let the Money Talk · Mar 7, 2023 · 4m

Shares of Silvergate Capital fell 10%in early trading on Monday after the bank suspended its crypto payments network and expressed doubts over the viability of its business. The crypto-focused bank said late on Friday that it had made a “risk-based decision” to discontinue the Silvergate Exchange Network effective immediately.

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