Figures for the end of 2018 show that San Diego-based Silvergate Bank saw an upsurge in digital currency customers. Previously, the institution provided banking services for 244 crypto businesses. However, by the end of last year, this figure more than doubled to 542.
Founded in 1988 as a state-chartered bank, the operations at Silvergate typified that of any other bank. But in recognition of the burgeoning digital currency sector, in 2013 they began actively pursuing digital currency customers.