LA JOLLA, Calif.–(BUSINESS WIRE)–Silvergate Capital Company (“Silvergate” or the “Firm”) (NYSE: SI), the main supplier of progressive monetary infrastructure options to the digital asset business, at the moment introduced that Chief Government Officer Alan Lane will present a mid-quarter enterprise replace at Oppenheimer’s fifth Blockchain & Digital Belongings Summit at 2:55 p.m. ET on Thursday, November 17, 2022.
traders and different events can entry a reside webcast of the hearth chat by visiting the investor relations part of Silvergate’s web site at ir.silvergate.com. A web based replay can be obtainable on the identical web site following the presentation.
The Firm is offering the next unaudited and preliminary mid-quarter outcomes as of November 15, 2022:
- Common quarter-to-date digital asset buyer deposits of roughly $9.8 billion, excluding all deposits from FTX and its associated entities
- The Silvergate Exchange Community (“SEN”) continues to function 24/7 with common every day quantity totaling $1.9 billion quarter-to-date, in comparison with common every day quantity of $1.2 billion within the third quarter of 2022
- At November 15, 2022, all bitcoin-collateralized loans have carried out as anticipated with zero losses and no compelled liquidations
“Silvergate’s platform, together with our threat administration and compliance infrastructure, was constructed to assist our shoppers throughout occasions of market volatility and transformation,” stated Alan Lane, CEO of Silvergate.
Silvergate Capital Company (NYSE: SI) is the main supplier of progressive monetary infrastructure options and providers for the rising digital asset business. The Firm’s real-time funds platform, generally known as the Silvergate Exchange Community, is on the coronary heart of its customer-centric suite of funds, lending and funding options serving an increasing class of digital asset corporations and traders all over the world. Silvergate is enabling the speedy progress of digital asset markets and reshaping international commerce for a digital asset future.
Hunter Stenback/Ashna Vasa