Genesis Report Shows Bitcoin Market Growth

0
52


On April 28, Genesis Global Trading, Inc., a subsidiary of Digital Currency Group, released its digital assets report for the first quarter of 2021. Genesis provides institutional clients with spot and derivatives trading, lending, custody and treasury and prime brokerage service products, so the report was full of interesting insights that showed the explosive growth in the bitcoin lending market that has taken place so far this year.

Growth In Bitcoin Lending

According to the report, Genesis saw:

  • $60 billion in trades, loans and transactions for digital assets over the first quarter
  • Over $20 billion in new loan originations, a $12.4 billion increase from Q4 2020.
  • Active loans outstanding increased to $9 billion, up 136.4% from $3.8 billion in Q4 2020. 
Genesis Global Trading’s Q1 report demonstrates significant growth in the bitcoin lending, spot trading and derivatives markets.

At the conclusion of the quarter, BTC made up 42.8% of Genesis’ loan portfolio, a decrease from 53.9% quarter over quarter. It cited one of the reasons for the decline in loans extended in bitcoin was the GBTC discount to net asset value (NAV) that first developed in January.


Dieser Beitrag ist ein öffentlicher RSS Feed. Sie finden den Original Post unter folgender
Quelle (Website) .

Krypto-Nachrichten ist ein RSS-Nachrichtendienst und distanziert sich vor Falschmeldungen oder Irreführung. Unser Nachrichtenportal soll lediglich zum Informationsaustausch genutzt werden.

Werbebanner

HINTERLASSEN SIE EINE ANTWORT

Please enter your comment!
Please enter your name here