Signs point to a new avenue of growth for crypto-backed lending.
ETH loans now make up 27% of Genesis’ loan book, as hedge funds get more comfortable with DeFi.
Genesis is cutting bitcoin deposit rates effective Thursday, following BlockFi's reduction last week.
Genesis Trading saw the share of bitcoin in its loan portfolio drop, mainly due to demand for liquidity mining on DeFi protocols.
Genesis’ crypto lending arm came back strong in 2Q after a rocky 1Q. Separately, executives acknowledged the firm makes some uncollateralized loans.
USDC backer Circle is teaming with Genesis Trading in a $25 million deal aimed at pushing the stablecoin to the fintech masses.
Crypto custodians are in a race to build the next State Street or BNY Mellon.
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.
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.
Crypto exchange Coinbase is finally acquiring Tagomi, a prime brokerage platform specializing in digital asset trading for institutional clients.
Digital currency trader and lender Genesis Global Trading is moving toward full-service prime brokerage with the acquisition of crypto custodian Vo1t.
Crypto lender Genesis Capital increased its loan book to $649 million during a tumultuous Q1 marked by wild fluctuations in the price of bitcoin.
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.
For the first time this year, BTC-denominated loans now represent less than 60 percent of Genesis' portfolio.
The digital asset IRA company will offer interest on cryptocurrency and cash holdings that customers want to lend out.