British startup B2C2 was founded in 2015 by Boonen, a former trader at Goldman Sachs.
Last Thursday, Genesis said it has $175 million in exposure to the collapsed exchange.
After Genesis, a troubled crypto lending service halted client withdrawals on Wednesday, prominent cryptocurrency market maker B2C2 decided to help. Max Boonen, the founder of B2C2, tweeted minutes after the trading firm’s statement, “B2C2Group wishes to extend an offer to purchase loans from Genesis Trading’s book to alleviate the current liquidity shortfall.” British startup B2C2 was founded in 2015 by Boonen, a former trader at Goldman Sachs.
A prominent crypto lending company, Genesis, has also seen the ripple effects of FTX’s bankruptcy. After the trading desk stopped making new loans, Gemini Earn’s redemptions slowed since Genesis was the lending partner.
$175M Exposure to FTX
Last Friday, when FTX and Alameda Research filed for bankruptcy, the parent firm of Genesis, Digital Currency Group, steppe
We współpracy z: https://thenewscrypto.com/crypto-market-maker-b2c2-offers-purchasing-loans-from-genesis/
