Crypto lending service provider Genesis Capital issued $ 2 billion in loans in the first quarter

According to official news, cryptocurrency lending service provider Genesis Capital ’s first quarter operating report shows that the company issued a new $ 2 billion loan in the first quarter of 2020, compared with The $ 1 billion in the fourth quarter of 2019 has doubled. Before the “312” plunge, the company’s outstanding loan amount once reached a record high of US $ 1 billion, which was US $ 649 million at the end of March. Although the price of Bitcoin fell by 9.5% compared to the end of last quarter, outstanding loans increased by 19.1%.

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