Genesis Global Capital posts Q2 results with 48% increase in loans

Posted 24 July, 2019

The division of Genesis Global Trading, Genesis Global Capital unveiled insights report for Q2 2019 posting  48% increase q-o-q.

According to the available information, the company recorded total active crypto and fiat loans for $746 million in the second quarter of the year, which is 48% up q-o-q. Bitcoin is still the key item in the unsettled loans portfolio. Its share accounts for 62% of the overall composition. At the same time, stablecoins loans soared by100% to 24% of the total portfolio. 

Over the period under review, international investors more often took loans in US dollars or US dollar-backed stablecoins, the report showed.

As for other major cryptocurrencies, Ethereum loans accounted for 3.9% of the total loan portfolio, LTC –  3.7% and XRP – 2.5%.

Notably, the company borrows assets from large market players at 4-5% per annum and then gives loans with 6,5-7,5% annual rate.

Total active loans in Q2 hiked by 149% q-o-q to $454 million

The company processed loans practically for $2.3 billion since it launched operations.

Genesis is a registered broker-dealer holding license from US Securities and Exchange Commission and FINRA.

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