Silvergate Bank

Silvergate Took $4.3B in Deposits From Digital Currency Customers in Q2

The majority of the bank’s new deposits came from cryptocurrency exchange clients.

Business  ·  20 July 2021

Silvergate Bank to Discontinue Binance USD Deposits, Withdrawals

“We are working hard to provide an alternative USD solution,” the exchange told traders in a widely shared email whose authenticity CoinDesk confirmed.

Business  ·  10 June 2021
Stablecoins

Facebook-Backed Diem Partners With Silvergate Bank to Issue US Dollar Stablecoin

Diem is moving its "primary operations" from Switzerland to the U.S.

News  ·  12 May 2021
Crypto Lending

Signature Bank Goes Head-to-Head With Silvergate in Bitcoin-Backed Lending

Signature’s CEO said on an earnings call Wednesday the bank wants it to be a “no-loss business.”

Business  ·  21 April 2021
Earnings Reports

Silvergate’s Exchange Network Handled $166.5B in Crypto-Related Transactions in Q1

The La Jolla, Calif.-based bank, which serves major crypto firms such as Coinbase, Gemini and Kraken, added 135 digital currency customers in Q1.

News  ·  20 April 2021
Banking

Fidelity Now Extends Bitcoin-Backed Loans Through Silvergate

The custodian began offering cash loans collateralized by bitcoin last December but is now adding Silvergate customers to the mix.

Business  ·  29 March 2021
Cryptocurrency

Even Skeptics May Need to Consider Crypto Exposure: WSJ’s Heard on the Street

Cryptocurrency's viability as an investment may not be in its value as an asset but in the way the financial world is evolving because of it.

News  ·  19 February 2021
Banking

Signature Bank Crosses $10B in Deposits From Crypto Customers

Signature's $10 billion in deposits from crypto businesses is now double that of rival Silvergate.

Business  ·  21 January 2021
Banks

Silvergate Took Nearly $3B in Deposits From Digital Currency Customers in Q4 2020

The majority of the new deposits came from cryptocurrency exchange clients.

Business  ·  21 January 2021
Banking

Binance.US Joins SEN, Silvergate’s 24/7 Crypto Trading Club

Binance.US has joined the Silvergate Exchange Network (SEN), a 24/7 instant settlement network operated by Silvergate Bank.

Business  ·  9 November 2020
Banking

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

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

Business  ·  26 October 2020
CoinDesk Research

Silvergate Bank: How Deep Is the Moat?

Silvergate Bank has pioneered financial services for crypto startups. But now it faces new rivals. Can it deepen its competitive moat?

Business  ·  29 September 2020
Bitcoin

Silvergate’s Bitcoin-Backed Lending Product Grew 80% in the Last Quarter

Silvergate Bank continued to add a steady drip of crypto customers in Q2 2020 but its issuance of bitcoin-collateralized loans is what stood out.

Business  ·  27 July 2020
Bitcoin

Institutional Trading House ErisX Joins Silvergate Exchange Network

ErisX, a crypto exchange for institutional investors, has joined the payments network of bitcoin-friendly Silvergate Bank.

Business  ·  21 July 2020
Banking

Silvergate Adds 46 More Crypto Clients in Q1 While Existing Customers Increase Deposit Levels

Silvergate Bank added 46 crypto customers in the first quarter and saw fee income and deposits increase from those customers because of “Black Thursday,” according to its earnings report released before market open on Wednesday.

Business  ·  29 April 2020