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Category: Loan Originations
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Digital Currency Group Suspends Dividends Amid Regulatory Trouble With Subsidiary Genesis
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Bitcoin Lender Genesis Global Issues $2 Billion in Loans During Record Quarter
Genesis Global Trading has reported a 100% jump in new loan originations in the first quarter. The cryptocurrency lender and trading platform added a record $2 billion in new loans in the three months leading to March 2020, up $1 billion from the previous quarter. BTC accounted for 44.8% of the loans and bitcoin cash […]
The post Bitcoin Lender Genesis Global Issues $2 Billion in Loans During Record Quarter appeared first on Bitcoin News.
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Dydx Processed $1.1 Billion Cryptocurrency Loans in 12 Months — 70% in Just 60 Days
Cryptocurrency lender Dydx advanced a total of $1.14 billion in digital asset loans over the past 12 months. But about 70% of the money was borrowed in just two months, February and March, as coronavirus-linked volatility triggered a frenzy of borrowing among investors. Monthly volume remained below $100 million in the nine months to January […]
The post Dydx Processed $1.1 Billion Cryptocurrency Loans in 12 Months — 70% in Just 60 Days appeared first on Bitcoin News.
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