Cryptocurrency Analysis and News Portal
Bitcoin trading and transaction volumes surged at the pro-crypto Silvergate Bank in the first quarter of 2020.According to an April 29 transcript filed with the U.S. Securities and Exchange Commission (SEC) on its Q1 2020 earnings, Bitcoin (BTC) trading volume on the Silvergate Exchange Network (SEN) grew 75% over the
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Legacy Trust's digital asset division has plans to create the first settlement layer in Asia for institutional investors trading both fiat and cryptocurrencies.First Digital Trust (FDT) announced Friday that its new rapid settlement and clearing network (RSCN) will provide custodian clients, including some of Asia's most prominent over-the-counter desks and
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Silvergate Bank is venturing even further into a field where few financial institutions dare to tiptoe.The La Jolla, Calif., lender made a name for itself providing hard-to-come-by U.S.-dollar banking services for businesses that deal in cryptocurrency. But now Silvergate wants to handle digital assets themselves.While the bank has no such
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Silvergate Bank, one of the few U.S. banks openly serving crypto-related businesses, added more crypto clients in the fourth quarter of 2019 but saw deposits and fee income from those clients drop.The La Jolla, Calif.-based bank, which went public on the New York Stock Exchange under the trading symbol SI
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Kraken, one of the largest and oldest Bitcoin (BTC) exchanges in the world, has joined the Silvergate Exchange Network (SEN). By joining SEN, the United States-based cryptocurrency exchange enables its clients to deposit and withdraw U.S. dollars from Silvergate accounts with no fees, the firm announced Nov. 27.According to
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“Now that we're public, we have more efficient access to capital to support our growth,” Silvergate Bank CEO Alan Lane said in an interview. Source
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Shares of pro-crypto Silvergate Bank were launched for trading on the New York Stock Exchange (NYSE) on Nov. 7.Silvergate celebrates IPO daySilvergate Capital (NYSE:SI), a California-based commercial bank focused on digital currency businesses, is now officially listed on the NYSE, opening at $12.75, the NYSE tweeted Nov. 7.In conjunction
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Gemini, the cryptocurrency exchange founded by the Winklevoss twins, is joining crypto-friendly bank Silvergate’s Silvergate Exchange Network (SEN) to speed fiat transfers.Real-time fiat money transfersGemini announced the move in an official blog post on Aug. 27. According to the announcement, the main benefit of the exchange’s partnership with Silvergate
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Another step forward for the crypto industry. Silvergate Bank is turning up the heat in its latest initial public offering (IPO) update, aimed at scaling the crypto sphere by providing funding to crypto firms – both startups and established companies.Struggling crypto companies or startups that are looking to expand their
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The holding company of cryptocurrency-friendly Silvergate Bank, Silvergate Capital Corporation, announced that the firm plans to offer cryptocurrency-collateralized loans.In an S1/A form filed with the United States Securities and Exchange Commission on Aug. 15 the bank notes:“We believe there may be attractive opportunities to provide digital currency borrowing facilities
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