Is There a Better Way to Transact Cryptocurrency Than That?

This was a deal that was initiated with Silvergate. If you're big crypto company, Silvergate is one of the only banks who like let you transact. This loan is so it's 200 million fully secured at a floating rate. Sofer plus what? 3.7. It's like 7.1 now. And that rate's probably going to go higher in the near term. The part that's going to sting worse is that that has a 50% max LTV,. meaning he must pony up two times the collateral on that loan.

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