Silvergate Bank
Silvergate Bank was a California bank founded in 1988. The company began providing services for cryptocurrency users in 2016, and conducted an IPO in 2019. In November 2022, concerns were raised about Silvergate's health, after a fall in cryptocurrency prices and the bankruptcy of FTX. In March 2023, the bank announced plans to wind down and liquidate. Its failure was one of the first in the 2023 United States banking crisis.
| Company type | Public |
|---|---|
| Expert Market: SICP | |
| Industry | |
| Founded |
|
| Founders | Dennis Frank and Derek J. Eisle (1996 re-capitalization) |
| Defunct | 2023 (announced winding down) |
| Fate | Voluntary liquidation |
| Headquarters | , U.S. |
Area served | Worldwide |
Key people | |
| Products | |
| Website | www |
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