Partnership creates innovative savings solutions, providing new opportunities for yield to customers in over 40 countries(Genesis)
Genesis, a leader in digital currency prime brokerage services, announced a new partnership with Luno, a leading cryptocurrency exchange. Genesis will enable interest-bearing products customized for the Luno community, providing Luno’s customers with simple, accessible ways to earn interest on their crypto holdings.
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“Our global focus has helped us become the largest trading and lending firm in the digital asset space, and we are both privileged and excited to be working with a global leader like Luno.”
The partnership creates savings accounts providing institutional-level interest rates to clients in traditional, emerging and frontier markets. These innovative savings accounts will provide traditionally underbanked customers in emerging and frontier markets access to banking services via the market infrastructure built for the global crypto currency community, while providing another potential source for generating yield on crypto holdings for customers in all markets.
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Genesis – which recently announced over $5.5 billion in Q2 spot and derivatives trading, and a record $2.2 billion in Q2 loan originations – has firmly established itself as the first and largest institutional digital asset lender, with zero defaults across the history of its lending business.
Genesis CEO Michael Moro noted “We share Luno’s passion for making it safe and easy – across all segments of the market – to learn about, buy and store cryptocurrencies. By combining Genesis’s infrastructure with Luno’s footprint in more than 40 countries, we’re creating a fairer, more inclusive financial system by providing access to interest-bearing products to historically underbanked and unbanked populations.”
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