“Silvergate had another great quarter, underscored by record quarterly pre-tax income, continued platform growth, and an expanding balance sheet. In the third quarter we grew average digital currency deposits to $11.2 billion, the highest in our history, added new digital currency customers to the SEN, and further increased SEN Leverage commitments and balances,” CEO Alan Lane said in the statement. Source
Tag: 112B
Robinhood Raises $200M in Funding Round, Now Valued at $11.2B
Stock and crypto trading app Robinhood has raised $200 million in a new funding round. In an Aug. 17 blog post, Robinhood said it had secured $200 million in a Series G funding round. Robinhood said that the platform is now reportedly valued at $11.2 billion according to D1 Capital Partners. The trading app said the investment would be used to improve its “core product and customer experience.” Robinhood recently raised $320 in a July funding round at a $8.6 billion valuation with investors including TSG Consumer Partners and IVP,…