In a recent interview with CNBC, SilverGate CEO Alan Lane said:

“SilverGate has been banking this ecosystem for 9 years. So this type of volatility is not new to us. In fact, we built our platform to help our customers in both good times and bad times.”

The current financial conditions are challenging for all financial markets, including Bitcoin, according to Lane. Despite this, Lane maintained that Silvergate would continue to provide 24×7 crypto service as they had in the past.