Shares of Silvergate Capital Corp fell 10 per cent in early trading on Monday after the bank suspended its crypto payments network and expressed doubts over the viability of its business.
The discontinuation could signal that Silvergate may consider winding down its operations, they added. Shares of Silvergate hit a record low of $4.86 on Friday, shedding nearly 98 per cent of their value since an all-time high close in November 2021 and wiping out more than $7 billion from the company's market capitalization.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »