Silvergate Shares As 3Q Deposits For Banks To Retreat To Crypto Exchanges

Silvergate CEO Alan Lane, second from right, applauds as he calls the New York Stock Exchange. … [+] The bank’s IPO will open a bell before trading begins on Thursday, November 7, 2019. (AP Photo/Richard Drew) Copyright 2019 The Associated Press. all rights reserved Shares of Silvergate Capital fell 15% in morning trade after the … Read more

Silvergate Bank revenues increased in Q1 due to declining cryptocurrency activity.

On Tuesday, SilverGate Bank announced its results for the first quarter of 2022, a crypto-fiat gateway network designed for financial institutions. , About $ 59.9 million and $ 24.7 million. The company is well-known for its ability to transfer US dollars and Euros between cryptocurrency exchanges and institutional investors through the Silver Exchange Network or … Read more