Silvergate Stock Slows Slide Despite Coinbase, Circle, and More Exiting

Shares in


Silvergate Capital


continued to slide on Friday, albeit at a slower pace than Thursday’s precipitous plunge, as the number of high-profile cryptocurrency companies ditching the digital asset-focused banker began to stack up.

Silvergate


(ticker: SI) stock declined 2% in U.S. premarket trading, following a near 58% decline on Thursday when the shares closed at a record low below $6.