#Genesis Q3 2020 Report

Genesis continues to see tremendous growth in its lending business, adding over $5.2B in new originations in Q3, marking its largest quarter ever by a landslide. For comparison, this is more than double the loan originations from last quarter of $2.2B, which was also record breaking. In summary, QoQ loan originations continue to grow at an exponential rate. Active Loans Outstanding surged to $2.1B at the end of Q3, up from $1.4B last quarter, representing roughly a 50% increase.

#Bitcoin price on 31st Oct (whitepaper day )

2013 - $204
2014 - $338
2015 - $314
2016 - $700
2017 - $6,468
2018 - $6,317
2019 - $9,199
2020 - $13,732

FYI: BYBIT We have launched four new USDT trading pairs — ETH/USDT, LINK/USDT, LTC/USDT, and XTZ/USDT, giving you more options than ever before! In addition, from October 26 to November 25, we are offering 30% off the trading fees on the new trading pairs, using code USDT30%OFF, as our way of saying thank you for your continued support in us.

"$6 billion in 2017. $1.7 trillion today.

Volume has exploded in the cryptocurrency futures market since the launch of leveraged trading contracts on major venues just three years ago. In fact, derivatives volumes are now commonly 4.6x the size of spot volumes."

Looking at #Huobi netflow, $BTC outflow has soared in the last eight hours.

View Chart | @cryptoquant_alert

Mining difficulty reductions usually coincide with a mark down in price.