The chilly winds of the crypto winter season search to be biting
Silvergate Money
which missed analysts’ estimates for 3rd-quarter earnings as customers withdrew deposits at a higher rate than anticipated amid a downturn in electronic asset marketplaces.
Shares in Silvergate (ticker: SI), a economical expert services team that expenditures alone as a “crypto financial institution,” tumbled 8% in premarket trading. The inventory had traded 2.5% higher just before the organization introduced its earnings.
The chilly winds of the crypto winter season search to be biting
Silvergate Money
which missed analysts’ estimates for 3rd-quarter earnings as customers withdrew deposits at a higher rate than anticipated amid a downturn in electronic asset marketplaces.
Shares in Silvergate (ticker: SI), a economical expert services team that expenditures alone as a “crypto financial institution,” tumbled 8% in premarket trading. The inventory had traded 2.5% higher just before the organization introduced its earnings.
