What does Silvergate’s shutdown imply for the crypto business? (NYSE:SI)

Data analyzing in exchange stock market: the candle chars on display. Analytics price change cryptocurrency BTC to USD (Bitcoin / US Dollar), the most popular pair in the world. Big Bitcoin logo.

SlavkoSereda/iStock by way of Getty Pictures

Cryptocurrency-friendly lender Silvergate Capital (NYSE:SI) is crumbling and that’s “positively not good for the crypto business,” mentioned Konstantin Shulga, CEO and co-founder of institutional crypto liquidity market Finery Markets.

Silvergate (SI), the financial institution

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