Impact of Silvergate Bank’s Withdrawal on USD Market Depth in Cryptocurrency Trading
The cryptocurrency market has been booming in recent years, with many investors looking to capitalize on the potential of digital assets. One of the key factors that has enabled this growth is the availability of USD liquidity, which allows traders to easily convert their fiat currency into digital assets. However, this liquidity has recently been impacted by Silvergate Bank’s decision to withdraw from the cryptocurrency market.Silvergate Bank is a California-based financial institution that provides banking services to digital asset companies. It was one of the first banks to offer banking