BitcoinBaroness
Sat Sep 07 2024
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6 answers
1503
Why did Silvergate Bank lose $8 billion in crypto deposits in 2022?
Could you please elaborate on the reasons behind Silvergate Bank's staggering loss of $8 billion in crypto deposits throughout 2022? Were there any specific market trends or regulatory changes that contributed to this decline? How did the bank's clients react to these developments, and what steps has the bank taken to regain their trust and attract new deposits? Additionally, what does this loss signify for the future of crypto banking and the overall crypto market?
