This CEO Loaned USD 553m in Crypto

On Thursday, Genesis Global Trading, one of the largest over-the-counter cryptocurrency dealers, said it has loaned USD 553 million in digital assets to institutional borrowers including hedge funds and other financial firms since March. Today, the New York-based firm has USD 130 million in active loans denominated in Bitcoin, Ether, XRP, Bitcoin Cash and other coins. In this interview (starts at 1:50) with CNBC, Genesis CEO Michael Moro gives his bull case for cryptocurrencies.

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