<p>Cryptocurrency exchange Kraken announced today that it has joined the Silvergate Exchange Network (SEN) to give its clients more choice as they manage their assets.</p> <p>Developed by California state-chartered Silvergate Bank, SEN enables real-time, around the clock deposits and withdrawals of U.S. dollars. Now that Kraken has become a part of the network, customers can leverage SEN to fund their Kraken accounts anytime without a fee, according to Kraken’s <a href="https://blog.kraken.com/post/3174/kraken-joins-silvergate-exchange-network/">official statement.</a></p> <p>Earlier this month, Silvergate <a href="https://www.theblockcrypto.com/linked/46251/silvergate-pops-6-in-nyse-debut">completed</a> its Initial Public Offering (IPO) on the New York Stock Exchange. The bank raised $40 million by offering 3,333,333 shares of Class A common stock priced at $12 per share, according to a <a href="https://www.businesswire.com/news/home/20191106006155/en/Silvergate-Announces-Pricing-Initial-Public-Offering-Common">press release</a>. </p> <p>Silvergate has tried to become more crypto-friendly in recent years. Its Oct. 28 <a href="https://www.sec.gov/Archives/edgar/data/1312109/000119312519275425/d568616ds1a.htm">filing</a> with the U.S. Securities and Exchange Commission (SEC) shows that as of Sept. 30, the bank is serving 756 cryptocurrency clients, a more than 15% increase over June.</p>