Outdoors of the lending actions, Silvergate additionally has excessive flying crypto companies as company banking prospects via its Silvergate Change Community (SEN) Leverage program, which points U.S. greenback loans utilizing bitcoin as collateral. Among the firms within the SEN community embody Coinbase (COIN), the now-defunct FTX, Paxos, Crypto.com, Gemini, Kraken and Circle, in response to a latest investor presentation.
