, said:<\/span><\/p>\n\u201cBitstamp already uses the SEN network to provide 24\/7\/365 account funding to eligible customers. We are excited to be working with Silvergate Bank to offer a product that will enable our clients to manage their bitcoin positions with more flexibility.\u201d<\/span><\/em><\/p>\nMiha Grcar<\/span><\/strong>, head of business development at Bitstamp, commented:<\/span><\/p>\n\u201cOne of the key features of SEN Leverage is Silvergate\u2019s real-time 24\/7\/365 ability to both fund loans and accept repayments over the SEN, thus enabling Silvergate\u2019s customers to more flexibly manage their bitcoin positions.\u201d<\/span><\/em><\/p>\nSilvergate Bank, headquartered in California, was founded in 1988 under a registered bank holding company Silvergate Capital Corporation, listed on New York Stock Exchange (NYSE) under ticker symbol SI. The bank is focused on creating the banking platform for innovators, especially in the digital currency industry that is well-suited to institutional clients and entrepreneurs. The existing presence of the bank in crypto industry is significant as of September 30 numbers, Silvergate was serving 756 cryptocurrency clients.<\/span><\/p>\nAlan Lane<\/strong>, chief executive officer of Silvergate, on latest launch, commented:<\/span><\/p>\n\u201cOur digital currency customers have asked us to help them create greater capital efficiency and we are excited to be working closely with Bitstamp to solve this problem for them. The integration and work that our collective teams have put into this over the past six months is a testament to the conviction we have to serve our customers.\u201d<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"Silvergate Bank, a California state-charted bank providing innovative financial infrastructure solutions to the digital currency industry, has announced the launch of SEN Leverage powered by Silvergate Exchange Network (SEN) with Luxembourg-based crypto exchange Bitstamp as launch partner.<\/p>\n","protected":false},"author":4,"featured_media":21793,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102,74],"tags":[4617,5001,5319],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/21790"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=21790"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/21790\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/21793"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=21790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=21790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=21790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}