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Silvergate CEO: There Is Always a Buyer Who Sees the Silver Lining of Bitcoin

By Simon LawsonNovember 18, 20221 Min Read
Silvergate CEO: There Is Always a Buyer Who Sees the Silver Lining of Bitcoin
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Silvergate CEO Alan Lane said that even as the crypto market continues to be volatile, Bitcoin BTC 0.11% can still stand out from other digital currencies.

“I do think Bitcoin is separate from everything and that’s seen in how well the price has held up and the fact that we still have an active SEN leveraged book where we borrow and lend against Bitcoin ,” Ryan said at the midterm meeting.

Quarterly updates. Lane said that after the FTX crash, the market is still trending down, and Silvergate aims to withstand this volatility so that customers can transfer funds in US dollars 24/7. He added, “Whether deposits are rising or falling, we have liquidity and capital ratios to support volatility.” Silvergate claims limited exposure to FTX, no outstanding loans, and deposits on the exchange of less than $11.9 billion in customer numbers 10% of the asset deposit.

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DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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Simon Lawson
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Simon Lawson has been a professional financial reporter for 6 years. He has in-depth research on the crypto industry and will release major crypto news in a timely manner.

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