Silvergate CEO, Alan Lane
Crypto-focussed Silvergate Bank's Q4 net income dipped nearly 9% to $21.4 million from $23.5 million in Q3. The bank's digital currency customers grew to 1,381 at the end of December from 1,305 at the end of September,Meanwhile, the bank's on-ramp for bitcoin markets known as the Silvergate Exchange Network processed transfers worth $219.2 billion, compared to $162 billion last quarter.in pre-market trading on the New York Stock Exchange.
Based in La Jolla, California, Silvergate's clients include crypto exchanges such as Coinbase, Gemini and Kraken and stablecoin issuer Circle.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
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