crypto bank silvergateAs a result of a risk-based decision, Silvergate Exchange Network ( YOU) decided to suspend.
who are on their toes due to their financial situation silvergatehad ignited events by its desire to postpone its financial reports. coinbase, silvergateby ending work with revealed the seriousness of the situation.
Crypto bank going through a tough time silvergate, the exchanges stopped using one by one Silvergate Exchange Networkof decided to close . This SEN move by Silvergate continues to affect the cryptocurrency market.
Silvergate Says Goodbye to Silvergate Exchange Network
The number one name of the crypto agenda in recent days, silvergatecomes to the fore with the problems it has experienced and the atmosphere of fear it has created.
Refraining from disclosing its financial reports, Silvergate’s credit rating was downgraded by Moody’s. Moody’s has shared new credit ratings for the crypto bank, with the phrase “undercapitalization” and “governance gaps”.
coinbaseand other accompanying exchanges are concerned about Silvergate’s financial situation and therefore YOUIt is known that they stopped using it.
After these news, the stock lost value and was isolated in the crypto industry. silvergate, Silvergate Exchange Network ( YOU ) has decided to cease its service. Moreover, YOUAlthough it will be closed, other services related to deposits will continue to be active.
