Silvergate crypto bank took nearly $3B in deposits in Q4 2020

posted 9 months ago
Silvergate Bank accepted a whopping $2.9 billion in new deposits from new and existing digital currency customers in the fourth quarter 2020.

The majority of these new deposits came from crypto exchanges which deposited $1.7 billion more in cash to their accounts quarter-on-quarter. Institutional investor deposits grew by $961 million and those from other customers by $234 million.
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