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If we have a look at crypto exchanges, Silvergate is so well-liked as a result of a) it provides entry to banking within the first place and b) Silvergate ran the Silvergate Trade Community (SEN). SEN, which was lately disabled, allowed 24/7 on the spot settlement between Silvergate financial institution purchasers at any time, together with nights and weekends. It functioned form of like how Venmo or CashApp settles money owed between buddies for late-night ramen or pizza or no matter. Entry to SEN attracted a variety of crypto alternate purchasers together with Binance.US, Kraken and Gemini.
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