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LA JOLLA, Calif.–()–Silvergate Capital Corporation (“Silvergate” or the “Company”) (NYSE: SI), the leading provider of innovative financial infrastructure solutions for the digital asset industry, today announced that CEO Alan Lane will provide a business update at Oppenheimer’s 5th Blockchain & Digital Assets Summit at 2:55 p.m. ET on Thursday, November 17, 2022.

Interested investors and other parties can access a live webcast of the fireside chat by visiting the Investor Relations section of Silvergate’s website at ir.silvergate.com. An online replay will be available on the same website following the presentation.

Company update

The Company provides the following unaudited and preliminary interim results as of November 15, 2022:

  • Average digital asset customer deposits since the start of the quarter of approximately $9.8 billion, excluding all deposits from FTX and its related entities

  • The Silvergate Exchange Network (“SEN”) continues to operate 24 hours a day, 7 days a week, with average daily volume totaling $1.9 billion quarter-to-date, compared to average daily volume of $1.2 billion in the third quarter of 2022

  • As of November 15, 2022, all bitcoin-backed loans performed as intended, with no losses or forced liquidations

Silvergate’s platform, including our risk management and compliance infrastructure, was designed to support our customers during times of market volatility and transformation,” said Alan Lane, CEO of Silvergate.

About Silvergate

Silvergate Capital Corporation (NYSE:SI) is the leading provider of innovative financial infrastructure solutions and services for the growing digital asset industry. The company’s real-time payments platform, known as the Silvergate Exchange Network, is at the heart of its suite of customer-centric payment, lending and financing solutions, serving a growing class from digital asset companies and investors around the world. Silvergate is enabling the rapid growth of digital asset markets and reshaping global commerce for a digital asset future.



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