This week, Genesis Global Trading, the corporate over-the-counter (OTC) digital currency, announced that it has formed a credit subsidiary under the name Genesis Capital. This credit institution will offer Crypto credit for a certain period of time.
Market maker credit services
Genesis announced that it started the whale-size crypto-credit service. Genesis Capital will become a new lender for institutional investors who need to borrow various crypto money. The new subsidiary believes that individuals and businesses will need cryptographic credits. For this reason, the market can create strategies. A short-term limit can be opened. Or investors can use it as additional capital to accelerate a project. As the digital asset scene continues to grow, Genesis Capital thinks it's time to attack while the markets are moving.
Explanation of Genesis Capital:
Now, we believe it is a great time to offer corporate-focused credit services. Because new financial institutions, which will increase the overall liquidity in the market, will encourage them to join a bilateral market. Thus, companies will increase the business capital they will use for digital scaling.
Genesis Capital, Bitcoin, Ethereum, Ethereum Classic, Litecoin, Ripple, Bitcoin Cash, Zcash and other Crypto currencies will be able to be credited up to $ 100,000 on fixed terms.
Cryptographic credit of up to 5 million dollars will be offered with maturity of 2 weeks to 6 months
The company, as the crypto money enterprise market maker, says it can predict both spot and derivative brokerage services and other major credit usage situations. Interested companies can fill out the form on the website's sending page; Crypto credit requests ranging from $ 100,000 to $ 5,000,000 can be transmitted.
Genesis Capital said it plans to take advantage of its own OTC services and discloses an example of lending a large block short sales position. After completing the onboard transaction, the borrowers will have access to Genesis Trading's OTC platform and will be able to trade using various crypto notes.
The Firm also details in its web site that it is a regulated company that complies with the Federal MSB / Cup regulatory guidelines. The loan period may be between two weeks and six months. At the same time, the company also announced that it has received American Dollar security for its credit card transactions. After the transaction is completed, Genesis says that the Crypto money will be transferred "directly to the customer's wallet".
