Bank Runs!
Patrick Boyle On Finance
00:00
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.
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