Silvergate Shares Plunge 60% in Two Days Amid Crypto Companies’ Disassociation
Silvergate, a crypto-focused bank, has seen its share prices plunge by 60% in just two days. This dramatic drop in stock prices has been attributed to the recent disassociation of several major crypto companies from the bank. The disassociation began when Silvergate announced that it would no longer be providing banking services to BitMEX, a popular cryptocurrency exchange. This announcement was followed by other major crypto companies, including Bitfinex, Kraken, and ShapeShift, all of which announced that they would be leaving Silvergate. The sudden departure of these companies has caused