US company Genesis has lent more than $1.5 billion in cryptocurrencies

According to Coindesk, encrypted goods dealer Genesis Global Trading said on Thursday that it has lend $1.53 billion worth of digital assets to institutional borrowers since the launch of the cryptocurrency loan business in March 2018. Genesis said that in the first quarter of this year, corporate loans totaled $425 million, an increase of 15% from the end of 2018.