Focused on institutional investors, creditor Genesis Global Capital in 2018 cryptocurrency has processed loans worth $1.1 billion, says the report.
Check out @Gen_Capital Q4 Digital Asset Lending Snapshot for an in-depth look at the loan book, insight into key trends and additional details on the cash lending business https://t.co/KmXlWwhjKb pic.twitter.com/CoNT0oShbw
— Genesis Global Trading (@GenesisTrading) January 30, 2019
It is noteworthy that the firm has more than doubled its total amount of loans in the last three months of 2018, having processed over $500 million a year the company closed active loans for $153 million
Note that 60% of the loan portfolio Genesis Global Capital amounted to bitcoin, 20% were for tokens, XRP, and another 20% for other digital assets.
Company representatives noted that a significant portion of loans were given to traders opening short positions on the cryptocurrency.
Recall, Genesis Global Trading, credit that is Genesis Global Capital, registered with the SEC and FINRA broker that is part of the business Empire Barry Silbert and his Digital Currency Group (DCG).