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Silvergate Bank and Bitstamp Launch Bitcoin Collateralized Loans

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[color=rgba(0, 0, 0, 0.8)]U.S.-based Silvergate Bank has launched a bitcoin collateralized loan product with Bitstamp as its launch partner. The crypto exchange will act as the bank’s agent to manage and provide custody for bitcoin collateral. The product utilizes Silvergate Bank’s Exchange Network to fund loans and process repayments in real time.[/color]
[color=rgba(0, 0, 0, 0.8)]Silvergate Bank announced on Wednesday that it has launched a new product called SEN Leverage, which uses the Silvergate Exchange Network (SEN) to fund loans and process repayments in real time. Bitstamp, one of the oldest bitcoin exchanges, is the bank’s launch partner. The bank detailed:[/color]
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