Silvergate Capital 3Q EPS Beats Estimates; Digital Currency Deposits Grew to $11.2B

Fibo Quantum

“Silvergate had another great quarter, underscored by record quarterly pre-tax income, continued platform growth, and an expanding balance sheet. In the third quarter we grew average digital currency deposits to $11.2 billion, the highest in our history, added new digital currency customers to the SEN, and further increased SEN Leverage commitments and balances,” CEO Alan Lane said in the statement. “Our strong results and increasingly diverse earnings stream highlight the important roles that we play in serving our customers in the still nascent digital currency industry.”

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