Since Genesis Global Trading launched a lending business in 2018, it has originated more than $40 billion loans — and that growth doesn't appear to be slowing down. The firm, which releases a breakdown of its business across trading, lending, and derivatives every quarter, saw active loans outstanding on its platform increase 136% relative to the previous quarter, totaling $9.03 billion. The sharp increase in outstanding loans illustrates the desire for credit, which is being driven by "relentless" demand for dollars among crypto market participants. That demand for cash is tied to the basis trade, cashing in on the ... (full story)