Cryptocurrency
Silvergate, Bitstamp link up to let institutions trade with leverage collateralized by bitcoin
As reported by The Block, “Luxembourg-based crypto exchange Bitstamp has become a launch partner for Silvergate Bank’s new product, SEN Leverage. “Developed by California state-chartered Silvergate Bank, the Silvergate Exchange Network (SEN) enables real-time, around-the-clock deposits and withdrawal of U.S. dollars. Since launch, the network has on-boarded a series of big-name exchanges, including Kraken in […]
As reported by The Block, “Luxembourg-based crypto exchange Bitstamp has become a launch partner for Silvergate Bank’s new product, SEN Leverage.
“Developed by California state-chartered Silvergate Bank, the Silvergate Exchange Network (SEN) enables real-time, around-the-clock deposits and withdrawal of U.S. dollars. Since launch, the network has on-boarded a series of big-name exchanges, including Kraken in November and Gemini in August.
“SEN Leverage uses SEN to fund loans and process repayment on a 24/7 basis, according to a press release. The product targets institutional clients and allows them to trade with leverage collateralized by bitcoin…”