Silvergate Bank: How Deep Is the Moat?

[Galaxy]

While not often in the limelight, Silvergate Bank serves as an integral part of the cryptocurrency ecosystem.

It’s often claimed by crypto enthusiasts that bitcoin will eventually displace the financial system as we know it. As it stands today, however, banks still play the pivotal role of fiat on/off ramps for exchanges and investors.

CoinDesk Research presents an in-depth look into San Diego-based Silvergate Bank, a leading bank serving the cryptocurrency industry. With over 880 digital asset clients with an aggregate balance of $1.5 billion in deposits, Silvergate is one of the market leaders within this niche market.
Info link: https://www.coindesk.com/silvergate-bank-deep-moat-competition