$100M+ in Margin Calls: Crypto Lenders Demand Collateral as Market Buckles

The budding market for cryptocurrency-backed loans met its first big stress test this week as bitcoin (BTC) dropped 40 percent and lenders demanded additional collateral from borrowers. In the last day, Genesis Capital called an additional $100 million of collateral from its selective pool of about 40 clients, CEO Michael Moro said Friday afternoon. Rival […]

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Genesis’ Lending Surges Again in Q2 – and Not Just in Crypto

Genesis Global Trading’s crypto-related lending business remains on a growth tear – especially its loans of U.S. dollars and blockchain substitutes. According to statistics published by the over-the-counter trading firm Tuesday, Genesis’ “cash” lending doubled in the second quarter from the previous quarter to about $186 million. These loans, denominated in fiat or the dollar-pegged […]

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