Cryptocurrency News

BlockFi had $1.8B in outstanding loans in Q2: Report

07/22/2022

Less than a minute

2022.07.22 13:01

BlockFi had $1.8B in outstanding loans in Q2: Report

Centralized crypto lender BlockFi disclosed that as of the end of Q2, it had $1.8 billion in outstanding loans from institutional and retail investors and $600 million in “net exposure.”

The disclosure came from its Thursday “Q2 2022 Transparency Report,” where the firm outlined its risks relating to liquidity and credit and shared details on its institutional and retail loan portfolios. Of the outstanding loans to borrowers — valued at $1.8 billion — the firm reported that $600 million are uncollateralized loans.

07/22/2022

Less than a minute

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