US Bank That Serves 483 Cryptocurrency Companies Is Seeking an IPO
Silvergate Bank, headquartered in San Diego as a California state-chartered bank, started its cryptocurrency-related business in 2013. Now its parent company wants to go public, revealing that 483 companies from the crypto industry are using the services of the “bitcoin-friendly” bank.
$1.7B of Crypto Deposits
Silvergate Capital Corp., the parent of Silvergate Bank, recently filed a prospectus with the U.S. Securities and Exchange Commission to raise a maximum of $50 million by selling shares to the public on the New York Stock Exchange. Back in February, the ban Read completely...