High-stakes crypto lending appears to be here to stay.

Written By

futurewithcrypto.com

Institutional crypto lending entails lending both cryptocurrencies and cash in exchange for a return.

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According to the filings and interviews, unsecured lending has become common in the crypto industry.

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According to Alex Birry, the crypto industry is seeing a general trend toward unsecured lending.

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Voyager Digital, which declared bankruptcy in July and became one of the summer's biggest casualties, provides insight into the rapid growth of unsecured crypto lending.

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Crypto research firm Arkham Intelligence estimated a value of $10 billion, while crypto lender TrueFi estimated a value of at least $25 billion.

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According to Brent Xu, CEO of Umee, another peer-to-peer platform, the cryptocurrency industry will learn from its mistakes.

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