Breaking: Silvergate Affirms Belief In Crypto Despite Q4 Withdrawal Plunge

Silvergate Crypto News: Fintech and crypto focused bank Silvergate Capital on Thursday expressed confidence in the crypto industry’s future. The comments came at the back of the flurry of withdrawals from the bank when the FTX collapse unfolded in November 2022. The bank said its mission in the digital assets industry has not changed. In an early sneak peak of the company’s fourth quarter results, it said there was huge drop in crypto related deposits.