🥈 Silvergate Bank plans for IPO
Silvergate Capital, the parent company of crypto focused Silvergate Bank has filed paperwork with the U.S. Securities and Exchange Commission (SEC) that would allow it to go public. The company's S-1 filing shows that the bank has 483 crypto clients with a combined $1.7 billion in deposits as of Q3 2018. Furthermore, the filing shows that Silvergate's largest customers are exchanges, with $793 million in deposits followed by institutional investors with $573 million.
Let us know what you loved about the report, what may be missing, or share any other feedback by filling out this short form. All responses are subject to our Privacy Policy and Terms of Service.