Bitcoin trading volume may be posting lows across the board, but back in DeFi Babylon things are not so gloomy. Babel Finance reported a tremendous growth rate ever since the investment by NGC Ventures, a Venture Capital fund loosely associated with NEO.
In the twelve months since the capital injection, Babel Finance has increased loan volume from from $5M to an impressive $380M, growing its staff to 50 employees and establishing a pan-continental footprint in the meantime.
Now boasting offices in Beijing, Seoul and Singapore, Babel Finance offers a full range of financial products. It provides crypto-backed loans, cryptocurrency staking, BTC derivatives trading, investment plans and OTC services.
Providing insight into the specific figures, CEO of Babel Finance Flex Yang…