What Happened to Silvergate Bank & Signature Bank? These Are The Crypto Banks Of Choice.

Silvergate Bank and Signature Bank are nevertheless working as standard and are presently many of the main banks withinside the cryptocurrency enterprise.

Silvergate Bank is a California-primarily based totally financial institution that has been serving the virtual foreign money enterprise on the grounds that 2013. It gives a number of economic offerings to customers withinside the cryptocurrency and fintech spaces, along with virtual forex offerings, custody offerings, and financing solutions. In latest years, Silvergate Bank has emerged as one of the maximum outstanding banks withinside the cryptocurrency enterprise, with a huge and developing range of customers withinside the space.

Signature Bank, on the alternative hand, is a New York-primarily based totally financial institution that has been worried withinside the cryptocurrency enterprise on the grounds that 2018. It gives a number of offerings to customers withinside the cryptocurrency enterprise, along with deposit accounts, twine transfers, and ACH payments. Like Silvergate Bank, Signature Bank has come to be one of the maximum outstanding banks withinside the cryptocurrency enterprise, with a huge and developing range of customers withinside the space.

It's really well worth noting that each banks were very energetic in supplying offerings to cryptocurrency exchanges, custodians, and different cryptocurrency-associated businesses. They have additionally been very supportive of virtual currencies, with Silvergate Bank even launching its very own virtual foreign money referred to as SEN.