Market Cap: $2,605,502,507,479
24h Vol: $88,830,994,976
Cryptocurrencies: 30041
Markets: 114340
Cryptocurrencies: 30041
Markets: 114340
Market Cap: $2,605,502,507,479     
24h Vol: $88,830,994,976
Seeking Alpha 2022-11-29 14:42:58

Silvergate Capital says it has under $20M in BlockFi digital asset deposit exposure

Silvergate Capital says it has under $20M in BlockFi digital asset deposit exposure
Silvergate Capital ( NYSE: SI ) said its deposit exposure to BlockFi, the cryptocurrency lender that filed for bankruptcy protection earlier this week, was less than $20M of its total digital asset customer deposits as of November 28. The digital-asset focused bank emphasized that it has no investments in BlockFi, which "is not a custodian for Silvergate’s bitcoin-collateralized SEN Leverage loans, which to date have continued to perform as expected with zero losses and no forced liquidations." SI stock gained 1.9% in Tuesday morning trading. Similarly, Silvergate said its deposit relationship with the now-bankrupt crypto exchange FTX was limited to less than 10% of its total digital asset customer deposits .
esptco-banner img
Latest News

Videos

  • Bitcoin Halving Explained: Why It Is So Important?

  • A Beginner Guide to Web 3.0: Everything You Need to Know About Web 3.0!

  • How to Buy BTC with Binance Mobile!

  • Litecoin: What is Litecoin? EXPLAINED!

Our Partners

Hashing Ad Space
Inbound Junction
Magic Logix
Asimi
Crypto Marketing Agency, FINPR
Chainwire