Market Cap: $2,168,316,840,588
24h Vol: $73,636,799,619
Cryptocurrencies: 29397
Markets: 112489
Cryptocurrencies: 29397
Markets: 112489
Market Cap: $2,168,316,840,588     
24h Vol: $73,636,799,619
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

  • Future Of Cryptocurrency: What Are Your thoughts On Future of Cryptocurrency? Explained By Cryptela

  • What is TRON (TRX)? EXPLAINED!

  • COIN vs TOKEN | Difference Between Coin and Token | Simply Explained!

  • Dash Coin Explained: A Cryptocurrency with a Major Potential

Our Partners

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