Silvergate, Bitstamp link up to let institutions trade with leverage collateralized by bitcoin

Silvergate, Bitstamp link up to let institutions trade with leverage collateralized by bitcoin

Developed by California state-chartered Silvergate Bank, the Silvergate Exchange Network (SEN) enables real-time, around-the-clock deposits and withdrawal of U.S. dollars. Since launch, the network has on-boarded a series of big-name exchanges, including Kraken in November and Gemini in August. SEN Leverage uses SEN to fund loans and process repayment on a 24/7 basis, according to a press release .