Genesis Trading's OTC volume is up 50% year-over-year

Despite the ongoing 2018 crypto bear market, Genesis Trading, a digital currency over-the-counter (OTC) trading firm, has experienced "tremendous growth," the company writes.

According to a recent email sent out to Genesis’ clients, in 2018, the firm saw a 50% year-over-year increase in OTC trading volumes and originated nearly $1B in loans and borrows since it launched its lending business, Genesis Capital. Genesis also notes that it has received BitLicense approval from the New York Department of Financial Services.

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Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi

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