Genesis’ Crypto Lending Rebounds in 2Q; Firm Acknowledges Unsecured Loans – Yahoo Finance


sharp decline that resulted from the mid-March bitcoin (BTC) sell-off. ” data-reactid=”19″>Genesis Capital’s lending portfolio rapidly recovered in the second quarter after a sharp decline that resulted from the mid-March bitcoin (BTC) sell-off. 

The cryptocurrency lender’s book of active trading loans increased 118% from the end of the first quarter to $1.4 billion at mid-year, the firm disclosed Tuesday. The blistering pace of growth was likely an anomaly, the company said. 

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