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Crypto Lending Business Tops $500 Million, Says Genesis Capital

by marketwatch.com posted 11months ago 38 views
Interest from institutional investors to lend and borrow cryptocurrencies is on the rise. : Interest from institutional investors to lend and borrow cryptocurrencies is on the rise, according to Genesis Global Capital. According to a third-quarter report, the company facilitated more than half a billion dollars in loans, of which more than $300 million was lent out to investors as both a tool to hedge and leverage to increase their bets against digital currencies. “Early in the quarter, working capital drove the majority of loans.

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