Nearly 500 Crypto Startups Bank at Silvergate, IPO Filing Reveals
The California-based operator of Silvergate Bank has detailed its relationships with the cryptocurrency industry as part of its IPO filing with the SEC.
Silvergate Bank, one of the cryptocurrency industry's few go-to financial service providers, is planning to become a crypto lender.
Silvergate Bank added 59 crypto clients in the fourth quarter, but its deposits from the industry shrank by $123 million.
The Silvergate Exchange Network provides a frictionless way to transfer U.S. dollars "around the clock."
While crypto-land is abuzz about JPMorgan’s plan to move dollars via blockchain, a smaller New York bank is already doing this.
Silvergate Bank CEO Alan Lane shared his approach to serving the cryptocurrency industry with bankers at the Block FS conference.