Good news: the people who lend money are coming to invest in the crypto space!


Caixin: Some lending platforms are seeking new growth avenues such as "crypto circles" and "going overseas."
Under the combined effects of the new lending regulations, slowing consumer credit demand, and other factors, many consumer loan platforms have seen year-over-year declines in revenue and loan volume, with net profits dropping significantly. Some lending platforms are exploring "going overseas" and investing in "crypto circles" as second growth drivers. It is reported that platforms like Lexin and Yirenzhike have already expanded their overseas operations, with Southeast Asia and Latin America becoming main battlegrounds. Weixin Jinke has been continuously expanding into the blockchain industry over the past two years, and in 2024, it indirectly acquired a 15% stake in the cryptocurrency exchange Thousand Whales Technology (BVI). Last year, it invested HKD 2.4B in Hong Kong’s first licensed virtual asset trading platform, EXIO Group. (Caixin) $BTC
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