:Cryptocurrency exchange Coinbase Global Inc on Thursday cut financial ties with Silvergate Capital Corp and said it had minimal exposure to the lender, whose latest filing raised questions about its ability to stay in business. Coinbase said it would partner with other financial institutions to facilitate ca
:Cryptocurrency exchange Coinbase Global Inc on Thursday cut financial ties with Silvergate Capital Corp and said it had minimal exposure to the lender, whose latest filing raised questions about its ability to stay in business.
Shares of Silvergate nearly halved after the announcement from Coinbase to $7.06 in early morning trading. Coinbase shares were down nearly 7 per cent at $60.12. On Wednesday, Silvergate delayed its annual report and said it had sold additional debt securities - investments that can include bonds and notes - to repay debts this year and was evaluating the impact of these events on"its ability to continue as a going concern."
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