Institutional investors will soon be able to receive Bitcoin-collateralized U.S. dollar loans through Silvergate Capital (NYSE:) Corporation — the holding company of pro-crypto institution, Silvergate Bank.
According to an announcement from Silvergate, Coinbase Custody will be the custodian for loans funded through the bank’s Silvergate Exchange Network, or SEN. The network will provide access to capital through U.S. dollar loans collateralized by (BTC) while Coinbase holds the crypto in cold storage.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.