The cryptocurrency sector's favorite bank got a rave review from Morgan Stanley in light of accelerated policy-writing efforts in the digital-asset space.
One company that answers "yes" to all three questions is Silvergate Capital (NYSE: SI). Silvergate is a bank that focuses on cryptocurrency customers. Among its many advantages, Silvergate was one of the first movers in this space, working with Bitcoin (CRYPTO: BTC) when it was still trading at around $100 a token.
There was no specific reason, but the stock could be benefiting from moves in the broader crypto market.