3min chapter

Patrick Boyle On Finance cover image

Bank Runs!

Patrick Boyle On Finance

CHAPTER

Silvergate - A Key Interchange Point Between Dollars and Cryptocurrencies

Silvergate went public in late 2019 at a share price of $13. A year later the stock price had risen by 1,580% as it became a key interchange point between dollars and cryptocurrencies. Major Silverlake clients included Paxos, Bitflyer, Kraken and also innovators in atonal rock music Mars Junction. The bank's growth mirrored the growth of the crypto industry and it declined alongside that industry too.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode