As credit concerns loom in crypto, Blockchain.com secretly builds multi-million dollar loan desk

As credit concerns loom in crypto, Blockchain.com secretly builds multi-million dollar loan desk – The Block

In stealth, over the past several months, Peter Smith, CEO of Blockchain.com, has been building a lending business to go head-to-head with firms like Genesis Global Trading and BlockFi. Leveraging his global crypto connections and access to inventory, Smith said the business started off with the wallet provider lending out coins to other lending operations …