Genesis Trading

Crypto Long & Short: Bitcoin’s Potential as a Collateral Class

Signs point to a new avenue of growth for crypto-backed lending.

Markets  ·  2 May 2021

DeFi Pushes ETH Loans at Genesis to New Highs as BTC Rates Drop

ETH loans now make up 27% of Genesis’ loan book, as hedge funds get more comfortable with DeFi.

News  ·  28 April 2021

Why Genesis, BlockFi, Ledn Are Cutting Interest Rates on Large-Scale Bitcoin Deposits

Genesis is cutting bitcoin deposit rates effective Thursday, following BlockFi's reduction last week.

Markets  ·  31 March 2021

ETH Gobbles Up Larger Share of Genesis Loan Book as Trading Firms Feast on DeFi Summer

Genesis Trading saw the share of bitcoin in its loan portfolio drop, mainly due to demand for liquidity mining on DeFi protocols.

Business  ·  30 October 2020

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

Genesis’ crypto lending arm came back strong in 2Q after a rocky 1Q. Separately, executives acknowledged the firm makes some uncollateralized loans.

Business  ·  4 August 2020

Circle Gets $25M From DCG to Drive USDC Mainstream

USDC backer Circle is teaming with Genesis Trading in a $25 million deal aimed at pushing the stablecoin to the fintech masses.

Business  ·  30 July 2020

Custody Battle Pits Institutional Boomers Against Crypto Upstarts

Crypto custodians are in a race to build the next State Street or BNY Mellon.

Business  ·  11 June 2020

Behind ‘Prime Broker’ Buzzword Lies a Complex Strategy Game for Crypto Firms

Coinbase, BitGo and Genesis all announced plans to become prime brokers this month. Here's what the trend reveals about the state of the industry.

Business  ·  29 May 2020

Genesis Hires Ex-Galaxy Digital Staffer to Run New Derivatives Trading Desk

The derivatives desk will expand the company’s suite of products as it aims to attract more institutional clients to its newly acquired prime brokerage arm.

Business  ·  28 May 2020

Coinbase Buys Tagomi as ‘Foundation’ of Institutional Trading Arm

Crypto exchange Coinbase is finally acquiring Tagomi, a prime brokerage platform specializing in digital asset trading for institutional clients.

Business  ·  27 May 2020

Genesis Trading Buys Crypto Custodian Vo1t in Bid to Become Prime Broker

Digital currency trader and lender Genesis Global Trading is moving toward full-service prime brokerage with the acquisition of crypto custodian Vo1t.

Business  ·  21 May 2020

Genesis CEO Details ‘Black Thursday’ Chaos in Q1 Lending Report

Crypto lender Genesis Capital increased its loan book to $649 million during a tumultuous Q1 marked by wild fluctuations in the price of bitcoin.

Business  ·  30 April 2020
Crypto Lending

Compared to Traditional Banks, Crypto Lenders See Booming Growth

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.

Markets  ·  30 January 2020

Genesis Clocks Quarterly Surge in Cash and Stablecoin Lending

For the first time this year, BTC-denominated loans now represent less than 60 percent of Genesis' portfolio.

Business  ·  30 October 2019

Bitcoin IRA Is Letting Customers Lend Out Their Crypto Retirement Funds

The digital asset IRA company will offer interest on cryptocurrency and cash holdings that customers want to lend out.

Business  ·  22 October 2019