Genesis Reports Increase in Crypto Loans

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

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