BitGo, one of the largest and oldest custodians for digital assets, is joining the fast-growing business of lending out bitcoin and other cryptocurrencies to big investors. The Palo Alto-based…
Tag: lending
Crypto Lender Babel Hits $380M in Outstanding Loans – CoinDesk
Chinese cryptocurrency lending startup Babel Finance said it has reached a record of $380 million in outstanding loans as of February. Flex Yang, co-founder of Babel Finance, said on…
Here’s Why Interest Rates on Cryptocurrencies Could Be a Game-Changer – CoinDesk
Lending and borrowing cryptocurrencies is becoming an increasingly important sub-sector of crypto finance, one that may end up shaping how the underlying assets themselves are valued and priced in…
Bitcoin Lender BlockFi Raises $30M in Series B Led by Peter Thiel’s Valar Ventures – CoinDesk
Fresh on the heels of an $18.3 million Series A funding round in August, crypto lending startup BlockFi has secured a $30 million Series B. Announced Thursday, the new…
Coinbase Revives Margin Trading, With Conservative (for Crypto) 3x Leverage – CoinDesk
Coinbase, the largest cryptocurrency exchange in the U.S., is getting back into the business of lending money to traders, joining a growing roster of venues providing leverage to help…
BlockFi Adjusts Interest Rates to Lure Larger Crypto Deposits – CoinDesk
BlockFi, one of the first lending startups in the cryptocurrency markets, recently announced Thursday it would make changes to the interest paid based on the yield it generates from…
Bitfinex Investor’s Crypto Lending Startup Posts $2.3M in 2019 Revenue – CoinDesk
China-based RenrenBit, a peer-to-peer cryptocurrency lending and wallet startup, has disclosed it took $600,000 in net income from revenue of $2.3 million in 2019. The startup, founded by well-known…
BlockFi Adds Litecoin, USDC to Its Lending Product Suite – CoinDesk
Crypto lending startup BlockFi now supports litecoin and dollar-backed stablecoin USD Coin (USDC) on its platform, enabling users to earn interest on, trade and receive loans backed by the…
Crypto Lender BlockFi Rolls Out Zero-Fee Trading for Bitcoin, Ether, GUSD – CoinDesk
BlockFi, the cryptocurrency lending service backed by Galaxy Digital, Winklevoss Capital, ConsenSys Ventures and others, is expanding into trading with an unusual, zero-fee model. The startup has made a…
DeFi Startup Compound Finance Raises $25 Million Series A Led by A16z – CoinDesk
Lending protocol Compound Finance just raised $25 million in a round led by Andreessen Horowitz’s a16z crypto fund, marking one of the largest venture capital investments in a decentralized…