AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
Bank Runs!
Patrick Boyle On Finance
How Does Silvergate Deal With Cryptocurrencies?
Silvergate was an actual US regulated bank with excruciatingly detailed audited financial statements and capital regulation. They had a product called Senn Leverage Direct Lending where they would lend people money collateralized with Bitcoin. As of September 2022, their balance sheet showed about $11.4 billion of securities,. Most of them were from crypto companies, so non-interest paying deposits.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode