Genesis Capital has originated over $1 billion in crypto loans even as the bear market reigns30

Genesis Global Trading, a market making trading firm in New York, announced Wednesday that it has originated more than $500 million worth of loans in digital assets to its institutional clients in the 4th quarter of 2018, pushing their cumulative origination volumes to over $1 billion over the last 10 months.

The firm, formerly known as SecondMarket, launched as a crypto trading firm in 2015. The company in March 2018 launched its crypto lending business, Genesis Capital, which has quickly become popular among its trading clients looking to borrow digital assets as a way to hedge their investments or short a crypto. Currently the firm manages a book of over $153 million in loans. The firm recently launched lending in fiat, which makes up a tiny fraction of the total loans originated.

Original source
https://www.theblockcrypto.com/2019/01/30/genesis-capital-has-originated-over-1-billion-in-crypto-loans-even-as-the-bear-market-reigns/

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