Signature Bank’s Crypto Deposits Grew $1B in Q2
Out of the nearly $8 billion in deposit growth that Signature Bank saw in the second quarter of 2020, $1 billion was raked in by the firm’s digital assets team.
In the bank’s first quarter earnings call Friday, CFO Jonathan Pruzan said Morgan Stanley would offer more crypto services if clients showed more interest.
Hive shares have gained 132% year to date.
The NYSE participated in Coinbase’s Series C $75 million funding round in January 2015.
Nvidia expects $50 million in revenue will come from a new, miner-specific product during its first quarter of sales.
The $4.57 billion in bitcoin revenue translated to $97 million in profit.
Bakkt's pending acquisition of Bridge2 Solutions, a loyalty program marketplace, will "expand Bakkt's presence across an asset class that today spans over $1 trillion in value," says its parent firm ICE's CEO, Jeffrey Sprecher.