Silvergate Bank added 46 crypto customers in the first quarter and saw fee income and deposits increase from those customers because of “Black Thursday,” according to its earnings report released before market open on Wednesday.
Crypto Firm Deposits Jump 24% in Q1 at Metropolitan Commercial Bank
Crypto-friendly Metropolitan Commercial Bank reported $25 million more in deposits from crypto customers in the first quarter of 2020.
Square Is Expanding Access to Bitcoin Deposits for Cash App Users
Square is rolling out bitcoin deposits for its Cash App, supplementing the buy, sell and transfer options.