Outside of the lending activities, Silvergate also has high flying crypto firms as corporate banking customers through its Silvergate Exchange Network (SEN) Leverage program, which issues U.S. dollar loans using bitcoin as collateral. Some of the companies in the SEN network include Coinbase (COIN), the now-defunct FTX, Paxos, Crypto.com, Gemini, Kraken and Circle, according to a recent investor presentation.
Related posts
-
Long Bitcoin (BTC), Short Solana (SOL) Tactical Trade Preferred Heading Into U.S. Election, Crypto Research Firm Says
“If Harris wins, the likelihood of these ETFs getting approved may decrease, potentially leading to a... -
UK Pension Scheme Embraces Bitcoin, Marking a Historic Leap Into Crypto
A UK pension scheme has allocated 3% of its portfolio to bitcoin, marking a groundbreaking move... -
$3M Bitcoin Forecast: Vaneck’s Model Sees Central Bank BTC Adoption
Bitcoin could reach $3 million, according to asset manager...