“The growth of SEN is related to this quarter's increase in deposits. Digital currency deposits now sit at $2.1 billion, a $586 million increase this quarter. According to Lane, that's because customers maintained higher deposit balances to transact on the payments network. Silvergate now attributes more than 90% of its total deposit base to its digital asset servicing business.”

#Genesis Q3 2020 Report

Genesis continues to see tremendous growth in its lending business, adding over $5.2B in new originations in Q3, marking its largest quarter ever by a landslide. For comparison, this is more than double the loan originations from last quarter of $2.2B, which was also record breaking. In summary, QoQ loan originations continue to grow at an exponential rate. Active Loans Outstanding surged to $2.1B at the end of Q3, up from $1.4B last quarter, representing roughly a 50% increase.

#Bitcoin price on 31st Oct (whitepaper day )

2013 - $204
2014 - $338
2015 - $314
2016 - $700
2017 - $6,468
2018 - $6,317
2019 - $9,199
2020 - $13,732

FYI: BYBIT We have launched four new USDT trading pairs — ETH/USDT, LINK/USDT, LTC/USDT, and XTZ/USDT, giving you more options than ever before! In addition, from October 26 to November 25, we are offering 30% off the trading fees on the new trading pairs, using code USDT30%OFF, as our way of saying thank you for your continued support in us.