What is Silvergate capital?

Silvergate Capital used to be a California-based community bank that launched in the late 1990s, but a decade ago, it also pivoted into cryptocurrencies to offer traditional financial services to crypto companies, including exchanges.

What is the Silvergate exchange network?

The Silvergate Exchange Network, one of the bank's most popular offerings, enabled round-the-clock transfers between investors and crypto exchanges, unlike traditional bank wires, which can often take days to settle.

What happened to Silvergate before Crypto?

Silvergate had a life before crypto: it was a tiny bank focused on real estate deals in southern California. During that time, it never had more than $1 billion in deposits, according to The Financial Times. And Silvergate needed deposits. When Lane steered the company into crypto, its business ballooned.

What is Silvergate's Sen?

Silvergate’s SEN was an important on-and off-ramp from the almighty dollar (and the almighty euro) into crypto. In 2022, Lane said all the “regulated, US-dollar backed stablecoin issuers” banked at Silvergate.