Nexo is preparing to enter the prime brokerage space with Chainlink-powered audits that will bring more transparency to its operations.
BlockFi said it has seen a surge in revenue since the bitcoin halving and the launch of its mobile app.
Crypto lender Cred is bolstering its technical knowledge by bringing on an experienced CISO and CTO.
Poolin, the second biggest bitcoin mining pool by total network power, is expanding its crypto lending and financial services businesses.
Crypto lender BlockFi has hired two execs from traditional finance to help launch a bitcoin rewards card and build out business teams in Europe and Asia.
Crypto lender Genesis Capital increased its loan book to $649 million during a tumultuous Q1 marked by wild fluctuations in the price of bitcoin.
Market makers and proprietary traders are taking out more crypto loans after the second-largest price drop in bitcoin created a new, more volatile market.
“As of five minutes ago, everyone who needed to post collateral has,” Genesis CEO Michael Moro said Friday afternoon.
Crypto lender BlockFi now supports cash deposits.
With big banks still mostly eschewing the 11-year-old digital-asset industry, a new breed of lenders is stepping into the void to meet the demand. Enter BitGo.
Chinese cryptocurrency lending startup Babel Finance said it has reached a record of $380 million in outstanding loans as of February.
A lukewarm U.S. economy is making big banks like JPMorgan Chase struggle to produce fast loan growth - even with interest rates close to historic lows. Yet, in the white-hot cryptocurrency industry, lenders are burgeoning.