Genesis Sales Leader: The speed of the shock on March 12 was uniquely challenging, but there was no financial loss or default

Leon Marshall, Head of Institutional Customer Sales at Genesis Capital, shared some details of “Black Thursday” on March 12th in the “Crypto Tonight” “World Mine Club” special event. He said that March was the busiest time in their history. In the most turbulent moment of the week in March, they continued to price and execute loans to customers while maintaining sensible risk management. “Now we continue to see a very strong two-way transaction flow.” He also revealed that one of the priorities is to run stress tests to ensure that there is sufficient liquidity to withstand this type of volatility, and another important point is to ensure that there is sufficient collateral so that the loans issued are strongly backed, although Most operators in the cryptocurrency field are no strangers to large losses, but the speed of shocks on March 12 and 13 is uniquely challenging. “I am proud to say that we have not liquidated any customers, have no financial losses or suffered defaults. This issue of “Crypto Tonight” is a special event of the “World Mining Association”. This is a talk show jointly launched by Winkrypto, Lianwen and Yama. In this issue, 9 guests were invited to discuss the crypto finance and mining industry. topic.