This Under-the-Radar Crypto Bank Is Skyrocketing
Back in 2013, Silvergate Capital (NYSE: SI) became interested in the rise of cryptocurrencies and sought to acquire the major trading exchanges as banking clients. The bank created the Silvergate Exchange Network to allow the crypto exchanges and their institutional clients to move dollars 24/7.
The bank is now almost entirely focused on serving the crypto industry. It has 93 crypto exchanges as banking clients, along with 771 institutional investors. On this episode of The Five, Motley Fool contributors Jason Hall and Taylor Carmichael and analyst Auri Hughes talk about their favorite fintech stocks. Silvergate is Taylor's favorite small-cap in this space. This discussion was recorded live on Aug. 31.
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Source Fool.com
