Genesis Capital, one of the largest providers of crypto loans, cracked $1 billion in crypto loans in 2018. Despite falling bitcoin prices, the demand for credit in the crypto money market seems higher than ever.
In the fourth quarter of 2018 alone, Genesis, a type of crypto bank, will provide $500 million in loans. As a result, the US company accounts for almost half of its total lending volume in the fourth quarter of 2018; In total $1.1 billion in loans. The market is booming — and after the already south-facing market lost further value in November and December. This emerges from the quarterly report of the company.
Continue reading… “Crypto lending on the rise: Credit volume of Genesis Capitol at over $1 Billion”
