MicroStrategy, Marathon Digital Shares Fall Amidst Crypto Bank Silvergate’s Woes

Silvergate Shares Drop to Fresh 2-Year Low Amid FTX Testimony

Outside of the lending activities, Silvergate also has high flying crypto firms as corporate banking customers through its Silvergate Exchange Network (SEN) Leverage program, which issues U.S. dollar loans using bitcoin as collateral. Some of the companies in the SEN network include Coinbase (COIN), the now-defunct FTX, Paxos, Crypto.com, Gemini, Kraken and Circle, according to a recent investor presentation.

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