Silvergate Bank


Finance

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.

Silvergate CEO Alan Lane (CoinDesk)

Videos

Silvergate Bank to Discontinue Binance USD Deposits, Withdrawals

Crypto-friendly Silvergate Bank has discontinued Binance deposits and withdrawals. “The Hash” weighs in on the state of the crypto banking sector and what may be going on with Binance.

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Finance

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.

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Markets

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

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

Diem Association CEO Stuart Levey

Finance

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.”

Signature Bank CEO Joseph DePaolo

Markets

Silvergate Execs Pressed by Analysts on Yield From Crypto Customer Deposits

In a low interest rate environment, CEO Alan Lane said he is more focused on keeping the Silvergate Exchange Network liquid with readily available deposits than in juicing short-term profit.

Silvergate CEO Alan Lane (CoinDesk)

Finance

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.

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Markets

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.

Wall Street Bull

Finance

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.

Signature Bank Chairman Scott A. Shay

Finance

Analysts Question Silvergate Execs on Whether Crypto Deposit Growth Will Continue

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

Silvergate CEO Alan Lane (CoinDesk)