Genesis Capital originated over $400 million in crypto loans in 1Q, pushing cumulative volumes to more than $1.5 billion in a year

Genesis Capital, an institutional lending business within Genesis Trading and the broader Digital Currency Group umbrella, announced in its 1Q lending snapshot that it originated $425 million worth of loans to clients in the first quarter of 2019. Total cumulative origination volumes are now more than $1.5 billion over the prior 12-months.

Since 3Q18, cumulative origination volumes have now almost tripled, with total outstanding loans growing by over 40% and ending the quarter at over $180 million. Genesis said it saw market-makers and high frequency trading firms enter the market and drive "consistent BTC borrowing demand" in 1Q, and highlighted they expect this trend to continue in 2019.

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