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Silvergate Capital's Q4 Earnings Showcase Growth in Cryptocurrency Engagement

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Silvergate's Q4 results paled even as its intra-quarter earnings showed significant growth. But digital currency solutions drove strong demand.

Silvergate Capital’s Q4 Earnings Showcase Growth in Cryptocurrency EngagementSilvergate’s Q4 results paled even as its intra-quarter earnings showed significant growth. But digital currency solutions drove strong demand.

The announcement also revealed that customer fees income related to digital currency rose to $9.3 million Q4 from $8.1 million in Q3, meaning an increase of almost 15%. The figures have nearly doubled since Q4 2020, when the digital currency customer-related fee income was reported to be $3.8 million.

 

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