We work with leading digital currency exchanges
Our deep understanding of regulatory compliance for digital currency exchanges enables us to work with leaders in this space. Our powerful APIs and real-time USD settlement solution, the Silvergate Exchange Network, help our clients scale rapidly.
As a California-chartered bank and member of the Federal Reserve, we understand the importance of maintaining safety and security. Our API-driven technology platform is built to meet industry demands, support complex use cases, and scale.
ACH & Wire Cash Management
Advanced automation and cash management solutions for digital currency companies
Powerful Banking APIs
Cloud-based APIs that enable greater speed and automation for managing your accounts
As a digital currency exchange, what are the requirements for banking with Silvergate?
We believe that relationships are built on trust and take time to mature. This is why we like to start our relationship with exchanges by providing basic business banking services, while our compliance teams get to know each other and we evaluate whether a custodial banking relationship makes sense. As you can imagine, there is a significant amount of due diligence that needs to take place before we can offer custodial and cash management solutions to a licensed money services business.
What is the Silvergate Exchange Network (SEN)?
SEN enables our digital currency and institutional investor clients to send U.S. dollars 24 hours a day, 7 days a week, 365 days a year between their Silvergate bank accounts and the bank accounts of other Silvergate clients. This can be done via our API or online banking portal, enabling real-time transfers and immediate availability of funds.
What is the cost of using the SEN?
In order to participate in SEN, you need to maintain a banking relationship with Silvergate. We do not have SEN-specific fees, but normal charges and fees do apply depending on the activity that is being conducted.
What types of cash management services does Silvergate offer?
We offer both wire and ACH services to clients based on several factors. Cash management services can be complex, especially for digital currency and broader fintech use cases. Our client service experts will explain how these services work and which firms are eligible for participation. Upon approval, we work closely with your technical and finance teams to ensure that implementation is efficient and timely.
Does Silvergate offer debit cards for our executives and employees?
Yes, we do. They are valid everywhere Visa is accepted.