Genesis Global Trading, a crypto lending platform has recently shared a snapshot of its lending activities for the period 2018-2019. According to the report, the firm has loaned $1.53 billion since its launch in March 2018. NewYork Times reported that the billion-dollar figures are indicating the increasing demand for the emerging lending market for cryptocurrencies.
Crypto markets are full of volatility and most investors FOMO. Hence, they do not want to sell their holdings even when the markets are down. This creates a huge market for crypto lending platforms allows users to acquire loans instantly, by leveraging their cryptocurrencies for EUR or USD. While the opportunity is huge, not many
The loan industry has always been huge and will only continue to grow. Why? Because some events are unplanned and uncalled for that require small to large sums of cash that people simply don’t have at the time. So, whether it’s for an emergency, leisure purposes or further investment, it may be that extra money