Silvergate trading network SEN Q1 transaction volume reached a historical peak of 17.4 billion US dollars, an increase of 80% over the previous quarter

According to the first quarter earnings report of the cryptocurrency friendly bank Silvergate, in the first quarter of this year, the transaction volume of SEN processed by Silvergate reached a historical peak of 17.4 billion US dollars, an increase of 80% from the fourth quarter of last year and an increase of 320% from the same period last year. In addition to providing traditional banking services for cryptocurrency companies, Silvergate, a cryptocurrency friendly bank, also operates its own proprietary payment network, Silvergate Transaction Network (SEN). SEN provides 24-hour USD transfers to banks’ growing digital currency-related customer base (including exchanges, investors and trading companies).