Bank continued to add a steady drip of cryptocurrency customers

In response to analysts’ questions, Silvergate EVP of Corporate Development Ben Reynolds projected that SEN Leverage’s growth would be dominated by institutional customers taking out credit lines from anywhere between $1 million to $10 million. While Silvergate is tempering SEN Leverage growth by the speed at which it can safely underwrite the loans, the customer demand for the product, which is part of the Silvergate Exchange Network (SEN). is strong, Reynolds added
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