Company Information

Get to know Silvergate Capital

Founded in 1988, Silvergate Bank operated as a traditional community bank for many years before pivoting in 2013 to serve the nascent digital currency industry. It became the premier banking provider for cryptocurrency exchanges, institutional investors, and other digital asset companies. Its flagship product was the Silvergate Exchange Network (SEN), a proprietary, near-instantaneous payment network that enabled 24/7/365 U.S. dollar transfers between its clients. Following the collapse of major clients like FTX in late 2022, the bank experienced a severe bank run and intense regulatory scrutiny, leading to its decision in March 2023 to wind down operations and voluntarily liquidate.

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Silvergate Capital

United States

Founded in

1988 (38 Years)

Founded

Last online: No recent activity

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.