San Francisco-based blockchain lending firm Dharma Labs has raised $7 million from big investors including Coinbase Ventures, as the company confirmed to Cointelegraph on Feb. 5. According to crypto news outlet The Block Crypto, Dharma Labs is planning to use the raised capital mostly for its Lever product, a platform providing instant margin loans for cryptocurrency traders and high-volume investors. Max Bronstein, head of the Dharma Labs marketing team, reportedly claimed that Lever represents a decentralized smart contract alternative to Genesis Global Trading. Genesis, a Bitcoin (BTC) over-the-counter (OTC) trading firm that was the first New York-based to acquire a …

Cryptocurrency lending company Genesis Global Trading processed $1.114 billion in borrows and lends last year, according to the recently released Digital Asset Lending Snapshot for Q4 2018. At the end of Q3 2018, the company published its first Digital Asset Lending Snapshot, which reported that Genesis Global Trading only processed $553 million at the time counting from the start of its activity in March 2018. Thus, the company concludes that “Q4 loan originations increased more than 100% in the final three months of 2018 compared to the prior six-month period.” The company claims that, despite a 44 percent price decline …

Major global securities marketplace Deutsche Börse has reported it is “making significant progress” on its blockchain-based securities lending platform, according to an official press release on Jan. 29. The platform is being co-developed by the German securities marketplace and Luxembourg-based blockchain liquidity management platform, HQLAx. According to the press release from Deutsche Börse, six banks have to date confirmed their plans to join the securities lending platform, and have initiated “their connectivity processes.” The platform’s launch is scheduled for the the first half of 2019, while all related legal and regulatory policies are set up to to be finalized soon, …

A decentralized peer-to-peer network is aiming to streamline the experience crypto holders have when borrowing and lending their assets — and give them the chance to strike up loan agreements on their own terms. Nitrogen says its aim is to help crypto enthusiasts increase liquidity and hedge risks in a secure and simple way, enabling them to leverage assets for their benefit. Alice Stork, the company representative, told Cointelegraph that “Nitrogen’s goals are to stimulate interest in cryptocurrencies and their markets […] and to act in the general interests of the professional trader community.” Through its network, users can lend …

Mike Novogratz’s crypto merchant bank Galaxy Digital is reportedly raising at least $250 million to offer loans to crypto-related firms, according to an unconfirmed report published by American news site Business Insider on Jan. 23. Citing two unnamed people familiar with the matter, the news outlet claims that Galaxy Digital is purportedly planning to close the first fundraising round for its crypto credit fund in March. A Galaxy representative has reportedly declined to comment on the issue to Business Insider. According to the article, Galaxy’s lenders will be able to get their loans by using crypto assets, real estate and …

Lenders in the cryptocurrency industry are reportedly weathering the recent crypto bear market better than others, Bloomberg reported on Jan. 2. According to Bloomberg, creditors that offer their services in the cryptocurrency industry are “finding strong demand from borrowers who don’t want to sell their virtual coins at depressed prices, as well as from big investors eager to borrow coins for short selling.” Bloomberg reports that revenue of the crypto lending company BlockFi has grown tenfold since June, after which Michael Novogratz’s company Galaxy Digital Ventures invested $52.5 million in the firm. The company lends fiat currency to clients that …

Institutional cryptocurrency over-the-counter (OTC) broker Genesis Global Trading revealed its loans spin-off processed over half a billion dollars in its first six months in a new report Thursday, Oct. 18. Genesis, which began its digital asset lending activities in March, revealed its current order book consists of $130 million in outstanding loans, a figure which has “steadily grown” since inception, it says. Total cash flow reached $553 million for all supported assets. “Over the past year, through client feedback and the rise of derivative marketplaces, we saw a meaningful increase in the number of market participants wanting to borrow and/or …