Silvergate Bank, headquartered in San Diego as a California state-chartered bank, started its cryptocurrency-related business in 2013. Now over 500 companies from the digital assets industry are using its services as one of the very few “bitcoin-friendly” banks based in the U.S.
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Silvergate Files Amended IPO Prospectus
Silvergate Capital Corp., the parent of Silvergate Bank, filed an amended IPO prospectus with the U.S. Securities and Exchange Commission (SEC) on March 18 with updated data about its operation. According to the figures presented in the document, the bank’s openness to the cryptocurrency industry has continued to help it with attracting new customers.
In total, Silvergate had 542 clients working in the digital assets sector as of December 31, 2018, which is up over 12 percent in three months from the 483 clients it reported as of the third quarter of the year. The bank also already had 232 prospective digital…