is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details.com creator Peter Smith issued loans worth $10 million. The team is in the top 5 reputable lenders in the field of cryptography, according to the company's blog.
Blockchain.com competes with Genesis Capital
The launch of lending activities took place in August among selected customers. The results made Blockchain.com one of the five major cryptocurrency lending services. The company's customers lent, exchanged, or borrowed more than $1.6 billion in cryptocurrencies. CEO Peter Smith explains why the team can compete with Genesis Capital and BlockFi:
“We have no size restrictions. This is probably unique, and therefore other credit bureaus borrow from us.”
The reason for launching lending services is the desire to provide potential colleagues with reliable counterparties in transactions with cryptocurrencies. Customers need a partner who lends on a large scale without fear of risks.
The team offers institutional clients access to a reliable, high-quality source of liquidityLiquidity
– is a term that means the ability to sell any financial assets (below or above the market price). The term “liquidity” in Latin means “liquid”, “flowing”.Details as they create fair and efficient markets, today cryptocurrency news reports.
Blockchain.com's interest rates are different for every credit transactionTransaction
– is a financial term that means a logically meaningful operation that can only be carried out completely. Details. Smith emphasized:
“There is no standard rate. In this deal, we are cheaper than Genesis, and in the next, vice versa.”
In the field of lending and processing transactions with cryptocurrencies, there is a risk of a credit bubble explosion. The company of Peter Smith is not afraid of a potential threat, since the demands on customers are high.
At a conference in New York, Michael Moreau of Genesis Global TradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details noted that the company never had a single default on a loan due to the fact that they deal with very creditworthy customers. This level of caution makes the business less profitable than it could be if the company attracted more risky customers.
Interesting in the section: Whale games: who manages the cryptocurrency market
- The danger in the cryptocurrency market is volatilityVolatility
– is a financial term that means a statistical indicator of price change. In the cryptocurrency world, it is used by traders as an indicator for managing financial risks. That is, it is a measure of trade risk and as a financial analytical tool for gambling. Details and manipulation of the course. The risk of not recognizing the whale strategy – pumpPump & Dump
– is a manipulative gambling scheme with a view to making quick money. The essence of the scheme is an artificial increase in the exchange rate of the currency on the market, the stock exchange with its subsequent collapse, or vice versa: a collapse followed by a rise. Details and dump – leads to a loss of funds by novice traders.