Genesis Capital, the lending arm of over-the-counter (OTC) cryptocurrency broker Genesis Global Trading, has recorded robust digital asset lending activity from institutional borrowers.

The spin-off said in a report on Thursday that since launching in March, it had facilitated $553 million in digital currency loans. Some $327 million of the total was lent out to investors as a hedge against price or as leverage to increase bets against cryptocurrencies. The firm added that while many of its debtors have already paid their loans in full, there is still $130 million worth of outstanding loans — a number the company says has “steadily grown” despite the recent fal…

This article appeared first on Cryptovest

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