Silvergate Capital 3Q EPS Beats Estimates; Digital Currency Deposits Grew to $11.2B

“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

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,…