-
Genesis Global Trading is one of the top cryptocurrency prime brokers in the market that provides a secure marketplace to trade, buy, sell, and borrow cash in the form of digital currency.
This money isn't loaned to regular joe shmoes, it's more complex than that. Most of these centralized platforms usually lend it through https://genesistrading.com/, which in turn lends it big players. You may ask, why would someone borrow at such insane rates? I don't have a clear answer, but most likely these people use it for DeFi plays that yield much more. For example, you can stake UST on Anchor (Terra) for 19.5% APY right now, and there're much more risky DeFi strategies out there that can yield even higher returns.
#Finance #Cryptocurrencies #Cryptocurrency Exchange 11 social mentions
-
Track key metrics of top decentralized finance tools
#Crypto #Fintech #Cryptocurrencies 192 social mentions
Discuss: I took out a 40k loan just over a month ago to buy bitcoin here is how it’s going:
Related Posts
Top 8 Crypto Swapping Sites/Platforms For 2024; Here’s List
coingape.com // about 2 months ago
5 Top Cryptocurrency Exchange APIs for Developers
bitcoinist.com // 10 months ago
Best Crypto Exchanges in 2024: A Comprehensive Review
blockchainreporter.net // 2 months ago
Introduction to Crypto Trading Bots
saashub.com // 8 months ago
eToro vs DEGIRO vs Curvo
curvo.eu // 8 months ago
Top 7 Trading Trackers and Journals
cryptowinrate.com // about 1 year ago