'Crypto bank' Silvergate is gearing up for an IPO after strong digital-currency customer growth
Partner offers
The Block may may earn a commission if you use our partner offers, at no extra cost to you.
Quick Take
- Silvergate Bank has more than 480 digital currency customers, with 145 in the pipeline. Strong growth from this customer segment has encouraged an IPO
- The firm has a strong moat around its business, stemming from and exchange network capable of 24/7 transfers
- The bank is betting big on digital currencies, selling off smaller business lending and retail branch units
Silvergate Capital Corporation, the holding company of startup-friendly Silvergate Bank, filed an S-1 in preparation for an IPO to be underwritten by investment banks, Barclays Capital Inc. and Keefe, Bruyette & Woods, Inc. Based in La Jolla, California, the bank is well-known for welcoming customers that work with digital currencies, in part due to the long-standing […]
accessprotocol.co
Subscribe for Premium Content
To unlock this and other Premium content, subscribe via Access Protocol. You can pay with SOL.
