Crypto-focused bank Silvergate is shutting operations and liquidating after market meltdown

Silvergate Capital, a central lender to the crypto industry,

that it’s winding down operations and liquidating its bank. The stock plunged more than 36% in after-hours trading.

Silvergate has served as one of the two main banks for crypto companies, along with New York-based Signature Bank. Silvergate has just over $11 billion in assets, compared with over $114 billion at Signature….