Silvergate Bank Sees 40% Increase in Deposits From Digital Currency Customers

2020-10-26 16:39

Silvergate Bank added $586 million in new deposits from firms and individuals in the cryptocurrency industry in the third quarter of 2020.

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Silvergate Bank Closes Out 2019 WIth Over 800 Crypto-Related Clients Despite Down Q4

One of the most crypto-friendly banks in the US, Silvergate, added 48 clients that use cryptocurrencies, in Q4 of 2019. In a published report, this week on Silvergate's earnings shows a 4% decrease in the deposits from their crypto customers, even though the La Jolla California-based bank managed to add almost fifty new crypto clients […]

2020-1-30 00:38