When we last reported on Silvergate’s successful IPO in November of last year, it opened at $12 per share, but some shares had risen to as high as $16. Due to the current economic climate, share values had fallen to nearly $14, but after its favorable Q1 report, shares increased 10% to $15.75. The bank…
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Bitstamp is a Luxembourg-based crypto exchange that has teamed up with Silvergate Bank for their new product called SEN Leverage. SEN is an abbreviation for Silvergate Exchange Network that allows for 24/7, real-time withdrawal and deposits of US dollars. Silvergate Bank is a California state-chartered bank. Since the launch of the network, some of the largest…
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Occasionally, there are success stories that sound too good to be true, especially when the story involves a “pioneer” that risked treading where all before had feared to even try. In this case, we have Silvergate Bank, a unique financial institution based in San Diego, California, whose executive team consciously decided to serve the underserved…
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Silvergate Bank. A San Diego based bank that caters to innovative businesses in fintech and the cryptocurrency industry, is not exactly a household name that rings a bell, but in the world of digital assets, it reigns supreme. CNBC has said it is a “key to growth in the digital asset industry”, and the Wall…
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