Goodbye, regular banking hours.
The Silvergate Exchange Network (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 accounts and the 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.
Participating in SEN requires an active banking relationship with Silvergate. We do not have SEN-specific fees, but normal bank charges and fees apply depending on the activity being conducted.
“Life as a crypto firm can be divided up into before Silvergate and after Silvergate — it's hard to overstate how much it revolutionized banking for blockchain companies. Day in and day out, the Silvergate™ Exchange Network (SEN) proves it is one of the key backbones of the cryptocurrency settlement layer.”
— Sam Bankman-Fried
Real-time, 24/7, 365 days per year
Real-time USD settlement between counterparties, used by some of the largest exchanges in the world.