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Centralized crypto lending platform Celsius claims to have doubled its crypto holdings in just six months and now boasts $2.2 billion in assets under management. Go to Source Powered by WPeMatico
Crypto lender Genesis provided $5.2 billion in new loans in the third quarter of 2020, more than double its previous record of $2.2 billion in the preceding quarter. Issued to corporate borrowers such as hedge funds and trading firms, the loans are mainly denominated in bitcoin (BTC), ether (ETH), bitcoin cash (BCH), and cash. According … Read more
Alex Mashinsky has gifted his wife Krissy 15 million CEL tokens worth $20 million for her birthday Go to Source Powered by WPeMatico
Back in the summer of 2018, the Japanese messaging giant, Line Corp., launched a cryptocurrency exchange with over 30 digital assets. Now Line is introducing crypto lending services with five different crypto assets and a new lineup of decentralized applications (dapps). The Japanese messaging software company, Line Corp., is a firm that developed the freeware … Read more
U.S. crypto exchange Coinbase will start offering bitcoin-backed cash loans to select customers as early as next month. Investors can borrow up to 30% of the bitcoin they hold on the exchange, or a maximum $20,000, it said. In a blog post on August 13, Coinbase unveiled its new crypto lending business, which places it … Read more
Genesis Capital said Tuesday that its total number of loans outstanding more than doubled to $1.4 billion for the second quarter to June, up from $649 million three months earlier. The crypto lender, which targets institutional investors and wealthy individuals, added over $2.2 billion in new originations, an increase of 324% year-on-year. Since the launch … Read more
Bitcoin cash users now have another venue to earn interest on their digital asset holdings. Binance has added support for BCH flexible deposits on its lending platform, alongside ETH and EOS. This development comes just as competition in the crypto lending field is heating up. Also Read: Binance Users in Turkey Can Now Deposit and … Read more
The digital assets lending field seems to be heating up with Blockchain.com starting to offer lending directly to retail consumers globally. Borrowed USD stablecoins can be used by crypto traders to fund their next trades and thus increase the leverage of their holdings. Also Read: Blockchain.com Launches High Speed Crypto Exchange for Retail Traders Popular … Read more
Cred, a licensed crypto-backed lending and borrowing platform based in California, now supports litecoin. The service will allow LTC holders to earn up to ten percent interest through any of its partners including the Litecoin Foundation, Bitcoin.com, Uphold, and Bitbuy. Since July 2019 Cred allows Bitcoin.com customers to earn interest on BCH and BTC. Also … Read more
As anyone who has ever sought to lend crypto will attest, significant variance exists in the APR offered to lenders. Indeed, the spectrum can swing from 1% to 8% – even when it’s the same asset being loaned across platforms such as Coinbase, Poloniex, Compound and Dharma. As a consequence, would-be lenders seeking passive income … Read more
