Global: Ethereum Only Accounted for 4% of Genesis Trading Loan Book by end of September 2018


Michael Moro, CEO of Genesis Global Trading, recently said that the platform lending out Ethereum [ETH] and short selling it was not the cause for its price decline. In an interview with CNBC Fast Money, Moro said that Ethereum accounted for about 28% of the Genesis Global Trading loan book. They saw it decline to about 25% in August, and it further rallied down to 4% by September.

image via Shutterstock

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