Showing 5 Result(s)

Genesis is parking $75 million in capital into Maple’s Solana-based lending platform

Genesis Global, one of the crypto market’s biggest lending and trading firms, is ramping up its decentralized finance footprint by contributing $75 million to Maple’s Solana-based lending platform.  Genesis’ contribution to Maple Solana will make it the first centralized trading firm to serve as a pool delegate for its Solana-based platform. Maple launched its Solana platform earlier this year, having also run a lending platform on Ethereum as well.  Trading firms Wintermute and Amber Group plan to borrow from the …

NFT Finance Part 1: Demand is exploding for loans backed by NFTs

Quick Take NFTs are being used as collateral for high-risk, high-reward loans of all sizes. The founders of two NFT lending marketplaces shed light on this rapidly growing market. This is the first article in a three-part series focused on the financial applications of NFTs. This feature story is available to subscribers of The Block News Plus. You can continue reading this News Plus feature on The Block.

Here’s how the crypto market shifted last year, according to an exec trading billions of dollars

Episode 7 of Season 4 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Joshua Lim, Head of Derivatives at Genesis Global Trading. Listen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher or wherever you listen to podcasts. Email feedback and revision requests to [email protected] This episode is brought to you by our sponsors Fireblocks, Coinbase Prime & ChainalysisFireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital …

Genesis is exploring institutional hedging and liquidity products for NFTs

The institutional market for non-fungible tokens is heating up, with Genesis Global confirming that it wants to build out its own platform to address the needs of large traders in this fast-growing corner of the crypto market.  The firm, which traded $100 billion in spot crypto last year, said in its fourth-quarter report that it currently holds “curated NFT collateral” on behalf of certain clients. Indeed, much ink has been spilled explaining the unique role of NFTs in the broader …

Genesis Trading’s chief technology officer departs firm

Genesis Trading’s chief technology officer Pat DeFrancesco is no longer with the cryptocurrency trading and lending firm, according to a source familiar with the move.  DeFrancesco, a veteran of the trading technology world, joined the firm in June 2019. He previously worked as the chief technology officer and chief operating officer at 7Chord, a firm that develops AI systems for the corporate bond market. Earlier in his career, he was the head of information systems and later chief technology officer …