Crypto-Focused Bank Silvergate Rallies After JPMorgan Sees Industry Adoption Growth

Silvergate Capital 3Q EPS Beats Estimates; Digital Currency Deposits Grew to $11.2B

“Silvergate’s status as the pure-play bank of the crypto ecosystem has led to the creation of a bank not only with superior growth potential, but also that operates with one of the highest-quality balance sheets in the industry,” JPMorgan analyst Steven Alexopoulos said in a note to clients.

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