Mainly, Silvergate is the financial institution for lots of crypto companies (1,300+, based on the corporate web site, in case you embrace “fintechs”), which are likely to have issues sustaining banking relationships. As such, it’s in all probability not shocking to study that Silvergate’s property below administration (AUM) has grown shortly the previous few years. Its inventory value did, too, by greater than 1,500% between November 2019 and November 2021.
