Genesis Global Trading Releases Inaugural Digital Asset Lending Snapshot

NEW YORK, Oct. 18, 2018 /PRNewswire/ -- Genesis Global Trading, an industry pioneer and leader in over-the-counter digital currency trading, today released its inaugural Digital Asset Lending Snapshot. The first-of-its-kind report analyzes institutional digital asset loan activity facilitated by Genesis since launching its new lending business earlier this year. In total, Genesis originated $553 million in digital currency loans since launching in March.

Genesis launched the industry's first institutional lending business to complement its existing OTC trading business, and originated loans across nearly a dozen digital assets and more than 60 institutional counterparties around the world. Today, Genesis maintains $130 million in active loans outstanding, a figure that has steadily grown over the year despite the reduction in digital asset prices.

To read the entire Digital Asset Lending Snapshot, click here.

Genesis also facilitates trades for institutional investors and high net worth individuals looking to buy or sell large sums of digital currencies. A regulated trading partner, Genesis provides deep pools of liquidity to its trading partners, same-day settlement, 24/7 trading, and deep institutional expertise developed from trading billions of dollars in digital assets since entering the industry in 2013.

A broker-dealer registered with the SEC and FINRA, Genesis is a wholly-owned subsidiary of Digital Currency Group. In addition to Genesis, DCG is the parent company of Grayscale Investments, the largest asset manager in the digital currency industry, and CoinDesk, a leading media and events company, and is also an investor in more than 125 companies around the world. 

About Genesis Global Trading

Genesis Global Trading is a worldwide leader and established partner in over-the-counter digital currency trading, providing deep pools of liquidity to institutional investors and high net worth individuals. A broker-dealer registered with the SEC, FINRA, and the New York Department of Financial Services, Genesis is an industry pioneer and market maker that has facilitated billions of dollars in transactions since 2013. Genesis continued to trailblaze with the launch of Genesis Global Capital in March 2018 to provide institutional lending services for digital assets. 

For more information on Genesis, please visit genesistrading.com and follow on Twitter @GenesisTrading.

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SOURCE Genesis Global Trading

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