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Genesis Crypto Lending Firm Hits New Record in Loan Originations in Q4 2019

Published 01/31/2020, 06:36 AM
Updated 01/31/2020, 08:22 AM
Genesis Crypto Lending Firm Hits New  Record in Loan Originations in Q4 2019

Over-the-counter digital currency trading and lending firm Genesis closed the fourth quarter of 2019 with record high results in loan originations since its inception.

Per a Jan. 30 press release, Genesis facilitated over $4.25 billion in loans since its incorporation in March 2018, which made Q4 the best in company history. Genesis originated more than $1.1 billion in loans and borrows for its institutional customers, with total active loans of $545 million, showing a 23% increase compared to $450 million in Q3.

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