An Obscure Bank Found Its Key to Success. Then FTX Collapsed
Over the course of a decade, the La Jolla, California-based company transformed itself from a bank catering to small businesses into a publicly traded firm.
Silvergate Capital Corp. was dealing with the same problem many small US banks face: How do you differentiate yourself when larger competitors do everything you do, only better?The solution it found was to focus on a sector other banks didn't want to touch: cryptocurrency. Over the course of a decade, the La Jolla, California-based company transformed itself from a!-->…