Genesis Global Trading’s Q1 Report Shows Growth In Bitcoin Markets
Genesis Report Shows Bitcoin Market GrowthOn April 28, Genesis Global Trading, Inc., a subsidiary of Digital Currency Group, released its digital assets report for the first quarter of 2021. Genesis provides institutional clients with spot and derivatives trading, lending, custody and treasury and prime brokerage service products, so the report was full of interesting insights that showed the explosive growth in the bitcoin lending market that has taken place so far this year.Growth In Bitcoin LendingAccording to the report, Genesis saw: $60 billion in trades, loans and transactions for....
Related News
Genesis Global Trading released its Q1 report on April 28, with corporates leading trading volumes, accounting for $8 billion in spot trading alone. Leading full-service cryptocurrency prime broker Genesis Global Trading has seen spot trading treble in the first quarter. Corporate interest accounted for the biggest slice of trading, with Genesis attributing part of its success to its Bitcoin treasury product “Genesis Treasury”. The Q1 report released on April 28 revealed the firm had processed $31.5 billion in spot trading volume — a 287% increase from $8 billion in Q4 2020. It also saw....
A new report, commissioned by the Dutch government, shows that online drug markets have grown since 2013 despite an uptick in major crackdowns since that time. Global Drug Dealers Raking in Millions on the Dark Net. The report was requested by the Netherlands government to determine how drug markets have fared in the years after Silk Road’s demise. Unfortunately for authorities, the report seems to suggest that their efforts to stop online drug trading have mostly failed. In fact, according to the report, the successors of Silk Road are raking in millions of dollars in revenue each month.....
The MoonCats community are worried its final 160 "Genesis" collectibles will all be accumulated by bots, with more than 70% voting to destroy the tokens' private keys. MoonCats, the long-dormant tokenized collectibles platform that was re-discovered earlier this month, now has a problem on its hands — trading bots. MoonCats collectibles depict 8-bit cats that live on the moon that can be traded or "adopted" by users. The project was launched on Aug. 9, 2017 by developer Ponderware, with a hard limit of 25,500 MoonCats set to be created through a process similar to Ethereum mining. However,....
The next eight years could see the blockchain marketplace grow to almost $8bn in value, according to a new research report. The report, prepared by Grand View Research, points to a combination of industry investments, enterprise interest in blockchain solutions and growing use of digital currencies among consumers as the lead driver of expected growth. Overall, the market could be as valuable as $7.74bn by 2024, the firm estimated. As for where geographically that growth is anticipated to take place, Grand View suggests that most is going to emerge from financial sectors in the both the....
The slowdown in the global economy has resulted in many governments imposing protectionist measures in their countries. Could this pose a threat to Bitcoin? Slowdown in World Trade Growth. Globalization and the corresponding increase in world trade has driven global GDP growth for the last couple of decades. Countries have found their niche areas in the global economy and have flourished – China in manufacturing, India in software, Philippines in Business Process Outsourcing, etc. However, the rapid growth in global trade seems to be plateauing. According to a recent World Trade....