Stock Groups partners with Silvergate to enable institutions to transact crypto with USD By BTC Peers


Silvergate partners with to allow institutions to transact cryptocurrency with USD

The renown cryptocurrency exchange is not slowing down in its efforts to on-ramp or off-ramp crypto. It has now partnered with Silvergate, a California state-chartered financial institution to enable institutional clients to withdraw and deposit from the platform in U.S. Dollars (USD). has announced that institution investors now have the option to make bank transfers between the exchange and their banks. Silvergate will help institutional clients transfer USD from their bank accounts to for no additional charge.

Silvergate Exchange Network makes it possible to send U.S. Dollars at will. This announcement also stated that this feature was available for institutional clients on all available exchange markets.

Kris Marszalek, the co-founder and CEO of, revealed that the new feature is high in demand and is in line with the company’s dream of fast-tracking the world’s transition to cryptocurrency. “We are excited to work with Silvergate to provide an additional fiat on/off ramp solution to our institutional clients,”said he. works in partnership with Circle stable coin issuer USDC, to allow USD deposit and withdrawals from its platform. In August, launched USD bank transfer withdrawals for clients in over 60 countries through Circle API. In the past, it also collaborated with Circle to allow USDC and USD deposit for more than 30 countries.

Talking about Silvergate, it is a crypto-focused bank known for the issuance of Facebook’s yet-to-be-launched digital currency Diem USD and also the manager of its reserve. The bank is also well-known for assisting in the launch of El Salvador’s government-backed (BTC) Chivo wallet.

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