Bitfinex Investor’s Crypto Lending Startup Posts $2.3M in 2019 Revenue
China-based RenrenBit has disclosed it took $600,000 in net income from revenue of $2.3 million in 2019.
Crypto-Backed Lending
Genesis is cutting bitcoin deposit rates effective Thursday, following BlockFi's reduction last week.
The funding round, led by Framework Ventures and Polychain Capital, will help to further develop and launch asset pools.
This is the first time Anchorage has extended ETH-backed loans through a traditional, FDIC-insured bank.
Crypto lending platform BlockFi has begun extending credit to miners as competition for their business has eased during the coronavirus crisis.
The growth in crypto lending platforms is giving birth to a new type of valuation metric: interest rates.
Crypto-Backed Lending
