Express
Bitcoin Lender Genesis Capital Originated $2 Billion During Q1 2020
Summary: Genesis Capital recently released its 2020 Q1 report of digital asset lending, which documented a record high of $2 billion new originations, an 100% jump from the $1 billion set of last quarter, and 354% up from 2019 Q1.
Genesis Capital recently released its 2020 Q1 report of digital asset lending, which documented a record high of $2 billion new originations, an 100% jump from the $1 billion set of last quarter, and 354% up from 2019 Q1.
Genesis Capital, affiliated to Genesis Trading, lends cryptocurrencies -- including bitcoin, ether, and Litecoin -- to institutions such as hedge funds and trading firms. Since its establishment in 2018, the company has originated $6.2 billion overall. As of March 2020, the number of total active loans has reached $649 million. BTC dominated 44.8% of the loans.
By Yiran Dai
Tags: Genesis Capital,Loans
Link: Bitcoin Lender Genesis Capital Originated $2 Billion During Q1 2020 [Copy]
