Lenders are thriving amid bitcoin's bust

Creditors focusing on the crypto arena say they are finding strong demand from borrowers who do not want to sell their virtual coins at depressed prices, as well as from big investors eager to borrow coins for short selling.
Creditors focusing on the crypto arena say they are finding strong demand from borrowers who do not want to sell their virtual coins at depressed prices, as well as from big investors eager to borrow coins for short selling.PHOTO: BLOOMBERG

PORTLAND • As a growing number of crypto-currency ventures struggle for funding, cut staff or shut down, all is well in one small corner of the industry: lending.

Creditors focusing on the crypto arena say they are finding strong demand from borrowers who do not want to sell their virtual coins at depressed prices, as well as from big investors eager to borrow coins for short selling.

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A version of this article appeared in the print edition of The Straits Times on January 04, 2019, with the headline 'Lenders are thriving amid bitcoin's bust'. Print Edition | Subscribe