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J.P. Morgan: Crypto Bank Silvergate Capital Shares Have 60% Upside


2021-11-1213889 Views
Nov. 12 ，JPMorgan analyst Steven Alexopoulos says crypto bank Silvergate Capital is emerging as a fundamentally solid stock with great growth potential in a volatile crypto market. 59% upside from Wednesday's close. He says the bank has the largest number of crypto customers thanks to its real-time payment network, Silvergate Exchange Network, which helps crypto exchanges and institutional investors execute trades around the clock. sen has more than 1,300 digital currency customers, whose deposits have grown nearly sevenfold since 2017 to more than $11 billion. Alexopoulos writes that Silvergate, as a bank purely serving the crypto ecosystem, not only has tremendous growth potential, but also one of the best balance sheets in the industry.





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