The Basel Committee on Banking Supervision has issued a harsh proposal for the amount of capital banks would need to hold for certain crypto assets they acquire like Bitcoin, but it may not impact Silvergate Capital as adversely as some think.
News & Analysis: Silvergate Capital Corporation
These businesses are growing and getting some help from an increase in crypto acceptance.
These two companies have dynamics that should allow them to perform well in a rising-rate environment.
These two "pick-and-shovel" plays in the crypto industry have promising futures ahead of them.
Silvergate's deal with Diem reinforces the bank's position as a leader in the space.
Markets are clawing back lost ground.
The crypto bank recently announced a big partnership with Facebook.
The crypto bank will issue the Diem stablecoin through its Silvergate Exchange Network and manage the U.S. dollar reserve tied to it.
The crypto-focused bank sold off with other high-growth stocks in April.
The huge deposit growth ballooned the balance sheet, while the bank also raised equity in the quarter. Both events dampened some key profitability metrics.