Market Maker B2C2 Offers to Buy Loans From Genesis Crypto-Lending Unit
2022/11/16 20:23
News broke early Wednesday that the lending arm of Genesis was pausing redemptions and new loan originations, citing the impact on operations of the collapse of Sam Bankman-Fried's crypto exchange FTX. (Genesis is owned by CoinDesk parent Digital Currency Group.)
“Throughout the current crypto market turmoil, B2C2 has provided critical liquidity and support to our global client base," a B2C2 spokesperson told CoinDesk in an email. "We have continued to price, trade and settle across all our products.”
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