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Silvergate Capital (NYSE:SI) reported Q2 profits of $42.5 million, which accounts for a 283% enlargement from Q2 2020. Canaccord Genuity analyst Joseph Vafi asserts that the company is turning into an very important banking spouse for the cryptocurrency business. Q2 2021 hedge fund letters, meetings and extra Stellar EarningsAccording to the profits file, Silvergate’s deposits from crypto shoppers swelled through $3.5 billion to $9.9 billion in the second one quarter, pushed through the energy of the Silvergate Exchange Network (SEN). “The SEN treated round 138,000 transactions in Q2, down from 167,000 in Q1, whi…

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