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Genesis’ crypto-lending unit, which had $2.8 billion worth of active loans in Q3, suspends acquisitions and initiates new loans; trading and custody units are not affected (Nelson Wang/CoinDesk)



Nguyen Vuong / CoinDesk:

Genesis’ crypto-lending unit, which had $2.8 billion worth of active loans in Q3, suspends acquisitions and initiates new loans; trading and depository units are not affected— The entity, known as Genesis Global Capital, serves an institutional customer base and has $2.8 billion in total active loans as of the end of Q3 2022.




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