Category: Credit

Genesis quarterly report shows ‘relentless’ demand for dollars in crypto credit market

Since Genesis Global Trading launched a lending business in 2018, it has originated more than $40 billion loans — and that growth doesn’t appear to be slowing down.  The firm, which releases a breakdown of its business across trading, lending, and derivatives every quarter, saw active loans outstanding on its platform increase 136% relative to […]

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FalconX says $50M raise will help it woo billion-dollar hedge funds to the bitcoin market

After raising $50 million at a valuation near $700 million, crypto brokerage and trading startup FalconX is preparing to expand its customer base of deep-pocketed hedge funds. According to chief executive Raghu Yarlagadda, who previously worked as a lead product manager for Google, the fresh capital will allow the company to expand its sales and […]

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Galaxy Digital is building a one-stop financial services shop for cryptocurrency miners

Galaxy Digital is building a one-stop financial services shop for cryptocurrency miners

Mike Novogratz’s Galaxy Digital is diving into one of the most critical corners of the digital asset market: mining.  In an exclusive interview with The Block, the New York-based firm outlined its ambitions to build a one-stop financial services shop for bitcoin miners, which play a fundamental role in maintaining the security of the cryptocurrency’s […]

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