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Genesis Reports Increase in Crypto Loans

Genesis Reports Increase in Crypto Loans

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FintechNews RoundupUSA
··1 min read

Today Genesis released their Digital Asset Lending Snapshot for Q4 2019; according to the press release: “The quarter was the best one yet for Genesis, which originated more than $1.1 billion in loans and borrows for its institutional clients, marking seven quarters of consecutive growth for the firm. Total active loans are up to $545 million, a 23% increase from the third quarter figure of $450 million.” Originations continue to increase even as the price of bitcoin has fallen; the company reports that bitcoin leads in interest but USD borrowing continued to climb, reaching 37% of their active loan portfolio in the quarter. Business Wire

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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