You are viewing a single comment's thread from:RE: LeoThread 2023-03-05 02:04View the full contextimfarhad (72)in LeoFinance • 2 years ago Silvergate Bank Closes Its Crypto Payments Network. Is this a good or bad for crypto world? #crypto #threads #liotes
Bad for crypto in the US, Silvergate provided a good way to on and offramp crypto users.
good for the larger financial system because it was a systemic risk that highly-concentrated inflows/outflows through a single point-of-failure, but bad for the crypto world since it served as the hub for FTX, Galaxy Digital, Coinbase
probably a great thing in the long run