Tag: Silvergate

US Bank Silvergate Sees Growth in Crypto Clients, Despite Decreasing Deposits From the Sector

US Bank Silvergate Sees Growth in Crypto Clients, Despite Decreasing Deposits From the Sector Financial results released by two U.S. banks providing services to the crypto industry have indicated a decline in deposits from digital currency customers. However, a positive trend has been observed as well. One of the crypto-friendly […]

Silvergate Bank and Bitstamp Launch Bitcoin Collateralized Loans

Silvergate Bank and Bitstamp Launch Bitcoin Collateralized Loans U.S.-based Silvergate Bank has launched a bitcoin collateralized loan product with Bitstamp as its launch partner. The crypto exchange will act as the bank’s agent to manage and provide custody for bitcoin collateral. The product utilizes Silvergate Bank’s Exchange Network to fund […]

Crypto-Friendly Silvergate Bank IPO Debuts on NYSE

Crypto-Friendly Silvergate Bank IPO Debuts on NYSE The U.S. Securities and Exchange Commission (SEC) has declared the IPO of pro-crypto Silvergate Bank effective. Its shares started trading on the New York Stock Exchange on Thursday. The crypto-friendly bank works with 756 customers in the crypto space, including Coinbase, Gemini, Circle, […]

Bitcoin-Friendly US Bank Silvergate Now Serves Over 500 Crypto Companies

Bitcoin-Friendly US Bank Silvergate Now Serves Over 500 Crypto Companies Silvergate Bank, headquartered in San Diego as a California state-chartered bank, started its cryptocurrency-related business in 2013. Now over 500 companies from the digital assets industry are using its services as one of the very few “bitcoin-friendly” banks based in […]