Quick TakeCrypto-friendly Silvergate Bank reported its first earnings as a public company on Wednesday followings its IPO last NovemberDespite recognizing a 6% increase in the bank’s digital currency-related client base during the quarter, deposits fell by 4% which was mainly attributable to a 15% decline in its institutional investor segmentTransaction volume on its payment platform, SEN, declined by 8% sequentially to $9.6 billionManagement’s main areas of focus moving forward include continuing to grow its customer base, increasing SEN-related fee income, and expanding its unique product offering to digital currency-related customers
