Silvergate Capital Corporation (NYSE:SI) – Posting its 2Q results, net income for the quarter was $5.5M, compared to net income of $4.4M for 1Q 2020, and net income of $5.2M for 2Q 2019. Digital currency customers grew to 881 at June 30, 2020 compared to 850 at March 31, 2020, and 655 at June 30, 2019. The Silvergate Exchange Network (“SEN”) handled 40,286 transactions in 2Q 2020, an increase of 28% compared to 31,405 transactions in the 1Q 2020, and 12,254 transactions in the 2Q 2019. The SEN handled $22.4B of USD transfers in 2Q, an increase of 29% compared to $17.4B in 1Q 2020, and $8.6B in 2Q 2019. The positive results caused the stock to increase 6.2% on the week.