Crypto Lender Genesis Is On The Chopping Block As Contagion Continues

To be amongst the very first to get these insights and other on-chain bitcoin market analysis directly to your inbox, subscribe now.Genesis Looks For Liquidity Injection If you dont know about Genesis Trading maybe you should. To provide you an idea of size, Genesis had $50 billion in loan originations in one quarter and a $12.5 billion active loan book at the peak of the market back in 2021. Back in July, Genesis submitted a $1.2 billion claim against Three Arrows Capital that was selected up by DCG to keep the hit off Genesis books.

To be among the first to receive these insights and other on-chain bitcoin market analysis directly to your inbox, subscribe now.Genesis Looks For Liquidity Injection If you dont understand about Genesis Trading possibly you should. Genesis held a brief client call to announce the suspension of redemptions, withdrawals and brand-new loan originations. To offer you an idea of size, Genesis had $50 billion in loan originations in one quarter and a $12.5 billion active loan book at the peak of the market back in 2021. Back in July, Genesis submitted a $1.2 billion claim against Three Arrows Capital that was chosen up by DCG to keep the hit off Genesis books. News appeared that Genesis is looking for a $1 billion credit center instantly.