Genesis Global Capital issued more than $ 1 billion in loans in Q4 last year

Genesis Global Capital, an institutional loan subsidiary of cryptocurrency trading platform Genesis Trading, issued a total of more than $ 1 billion in loans in the fourth quarter of 2019, an increase of 34.8% from the previous quarter. For the full year of 2019, the company's loan origination totaled $ 3.1 billion, and the total outstanding loans as of December 2019 totaled $ 545 million. Genesis said in its quarterly report that cash and BTC dominate the loan portfolio, accounting for 84.5% of total loans. Genesis predicts that in 2020, demand for cash loans and borrowing demand from international customers will remain strong.