A lender focused on institutional investors, Genesis Global Capital, in 2018, processed $ 1.1 billion worth of cryptocurrency loans, the company said in a statement.
Check out the Assetting Lead-In-Depths for an in-the-in-depth case for a cash-in-leasing business – https://t.co/KmXlWwhjKb pic.twitter.com/CoNT0oShbw
– Genesis Global Trading (@GenesisTrading) January 30, 2019
It is noteworthy that the company more than doubled the total amount of loans in the last three months of 2018, having processed more than $ 500 million. At the same time, the company closed with active loans of $ 153 million.
Note that 60% of the loan portfolio of Genesis Global Capital was Bitcoin, 20% fell on XRP tokens, and another 20% on other digital assets.
Representatives of the company noted that a significant portion of loans were issued to traders who open short positions in cryptocurrency.
Recall, Genesis Global Trading, the credit division of which is Genesis Global Capital, is a registered broker of SEC and FINRA, part of the business empire of Barry Silbert and his Digital Currency Group (DCG).
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