Silvergate Bank is developing new credit products and plans to provide lending services to encryption companies

According to The Block, on August 15th, Silvergate Capital, the holding company of Silvergate Bank, released the latest S1 to prepare for the upcoming IPO. Silvergate said that Silvergate is developing a credit product due to the huge demand for borrowed funds to purchase digital currency from its customers and potential customers, which will be launched in the second half of 2019.