Genesis Capital has launched a crypto-loan service

Crypto loans

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Investments and new ideas in the cryptocurrency market are coming up each day. The latest one to hit the market is cryptocurrency lending. Genesis Capital has decided to be the new lending firms for institutional investors by giving them the opportunity to borrow different digital currencies. The firm believes that both institutions and individuals require crypto loans in order to come up with market making strategies or use it as additional capital to start their projects. As the popularity of digital currencies continues, Genesis Capital believes it’s time to make them available to the people.

According to Genesis Capital: “We believe that it’s now time to offer institutional-focused lending serves in order to increase the general liquidity, encourage more institutions to participate and finally increase the working capital that companies use to scale the digital currency-centric businesses. Through Genesis Capital, you can now borrow Bitcoin, ether, litecoin, ether classic, ripple, zcash, bitcoin cash among other digital currencies.”

The company stated that all the interested companies could fill out a form that asks for cryptocurrency lending amounts which range from $100,000 to $5,000,000 million worth of digital currencies. Genesis also plans to leverage its own OTC services and describes one example of lending a large block which is a short-scale position. Also, all the borrowers will have access to the Company’s trading OTC platform after completing the on-board process and will be able to start shortcuts of using different digital currencies.

The company through its website also stated that it is a regulated company and that it will follow Federal MSB regulatory statutes. The duration of the loans will range from two weeks to six months, and the company will allow USD collateral. More to hat after the onboarding is done Genesis says that the digital currencies will be delivered to the borrower’s wallet.

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