On June 16, major cryptocurrency lending platform Babel Finance announced that withdrawals would be temporarily halted because of “unusual liquidity pressures.” Liquidity issues are currently challeng...
Tag: Babel
Maple Finance Faces Liquidity Crunch From Babel Contagion
Crypto lender Maple Finance is also facing liquidity issues amid the ongoing liquidity crisis in the crypto market. Maple Finance on Wednesday revealed that Babel Finance has a loan of $10 million in ...
Babel Finance announces steps to improve its liquidity situation
Crypto financial services firm Babel Finance, which abruptly suspended withdrawals last week, has announced several steps to improve its liquidity situation. Sharing the news with The Block in a state...
Babel Finance Set to Delay Debt Payments, Refutes Invovlement With 3AC
Crypto lending firm Babel Finance, which abruptly halted client withdrawals and redemptions for all products last Friday, told Bloomberg that it was set to delay its debt repayments after reaching agr...
Crypto lending platform Babel Finance reaches counterparty debt agreement
Hong Kong-based crypto lending firm, Babel Finance, has eased some of its immediate liquidity troubles by reaching debt repayments agreements with some of its counterparties. As previously reported, t...
Babel Finance Reaches Agreement on Modalities for Repayment of its Loans
Following the halt of its withdrawals amidst its inability to pay its creditors as the crypto market meltdown took a bearish turn in the past few days, Babel Finance has announced measures to ease off...
Crypto Unicorn Babel Finance Moves To Solve Liquidity Crisis
Crypto lender Babel Finance on Monday said it has signed preliminary agreements with several counterparties on the repayment period of some debts. The preliminary agreements will help ease the company...
Babel Finance reaches debt agreement to ease liquidity pressure
? Want to work with us? CryptoSlate is hiring for a handful of positions! Cryptocurrency lender Babel Finance, which halted withdrawals on June 17 citing liquidity pressure, has reached preliminary ag...
Babel Finance secures debt repayment agreements with major counterparties
Crypto lender Babel Finance has announced that it has secured some preliminary agreements with some of its major counterparties regarding debt repayment amid the current market conditions. The announc...
Babel Finance Halts Withdrawals Following Celsius; Amber Group Reveals Where It Stands
Babel Finance, a crypto-financial service provider, has stopped withdrawals and redemptions citing ‘liquidity pressure’ as cryptocurrency prices continue to drop, following the steps of Celsius. The...
Babel Finance Halts Withdrawals as Crypto Market Plunges
Babel Finance, a cryptocurrency lending firm based in Hong Kong, on Friday, announced that it has temporarily paused the withdrawals and redemption of crypto assets. The move comes as the crypto lende...
Babel Finance Halts Withdrawals Due to ‘Unusual Liquidity Pressures’ – crypto.news
As per a statement on the company’s website, Babel Finance, a Hong Kong-based crypto lender, has halted withdrawals and redemptions. Babel Experienced Strange Liquidity Pressures “Babel Finance is exp...
Babel Finance suspends withdrawals due to “unusual liquidity pressures”
? Want to work with us? CryptoSlate is hiring for a handful of positions! As the crypto winter prolongs, its effects are rippling into different areas of the crypto ecosystem and forcing difficult dec...
Babel Finance Pauses Withdrawals After Celsius; Amber Group Clarifies Position
Crypto financial service provider Babel Finance has halted withdrawals and redemptions amid a market slump, soon after Celsius did the same, citing ‘liquidity pressure’ In a recent release, the Hong K...
Babel Finance suspends redemptions and withdrawals
Babel Finance, an asset management firm based in Hong Kong, has become the latest cryptocurrency lending platform to announce facing liquidity issues amid the market recession. Babel Finance announced...
Crypto Lending Platform Babel Finance Pauses Withdrawals, Citing ‘Liquidity Pressures’
Babel Finance has become the latest crypto lending platform to suspend redemptions and withdrawals, the Hong Kong-based company said in a blog post Friday. The firm stated it was “facing unusual liqui...
Babel Finance Places Temporary Restrictions On Withdrawals
Asia based crypto financial service provider Babel Finance announced on its website earlier today that withdrawals and some other operations will be stopped temporarily. The company cited “unusual liq...
Crypto lender Babel Finance halts withdrawals due to liquidity pressures
Hong Kong-based asset manager Babel Finance is the latest cryptocurrency lending firm experiencing some serious issues amid the ongoing market downturn. Babel Finance officially announced Friday a tem...
Babel Finance Temporarily Suspends Withdrawals Due to “Unusual Liquidity Pressure”
Hong Kong-based cryptocurrency lending company Babel Finance has temporarily suspended its services, citing liquidity pressure due to extreme market conditions. Babel Finance Halts Withdrawals In a b...
Crypto Suffers Another Beating: Hong Kong-Based Babel Finance Halts Withdrawals
Babel Finance, based in Hong Kong, has temporarily halted withdrawals and redemptions of crypto assets on Friday, as the lender struggles to pay its investors as the ongoing bear market deals a heavy ...
Crypto Suffers Another Blow: Babel Finance Freezes Withdrawals
Crypto financial services company Babel Finance said it was temporarily suspending withdrawals and redemptions in the latest blow to the cryptocurrency sector. The Hong Kong-based company said in a Ju...
Babel Finance Pauses Crypto Withdrawals Following Liquidity Troubles
Babel Finance – an Asian crypto lending platform coming off a $2 billion valuation – has revealed that it is facing liquidity pressures. In response, it has paused all withdrawals and redemptions from...
Crypto Lending Platform Babel Finance Halts Withdrawals Following Celsius
3 hours ago | 2 mins read Defi News Babel Finance had a loan balance of over $3 billion by the end of 2021. It had a monthly derivatives trading volume of $800 million. Another cryptocurrency lending ...
Babel Finance Halts Withdrawals, Citing Low Liquidity
Key Takeaways Babel Finance suspended withdrawals and redemptions today, citing liquidity pressures as its reason for doing so. The firm did not say if or when it would resume services but said that i...
Babel Finance Halts Client Withdrawals & Resumptions, Is Crypto Space Under Deep Waters?
Babel Finance, an Asian-based crypto financial service has now halted client withdrawals amid the turmoil within the crypto space. The Hong-Kong based crypto lender Babel Finance through an announceme...
Hong Kong based Babel Finance freezes withdrawals as contagion spreads
Babel Finance suspends all further withdrawals, citing that it is “facing unusual liquidity pressures” as the crypto market flounders, perhaps due to the ongoing issues with Three Arrows Capital and C...
Crypto-financial Lender Babel Finance Secures $80m in Series B Funding, Valuated up to $2Bn
Hong Kong-based crypto-financial lender Babel Finance has raised $80 million in Series B funding at a valuation of $2 billion. In this round of funding, investors include Times Capital and 10T Holding...
Hong Kong-Based Crypto Startup Babel Finance Hits $2B Valuation After Raising $80 Million
Hong Kong-based crypto financial services provider Babel Finance has raised $80 million in a Series B funding round at a $2 billion valuation. Babel Hits $2B Valuation The round was led by global inve...
Babel Finance and FQX target bond market with crypto ‘eNote’ debut
Babel Finance announced on Thursday that it successfully issued its first collateralized USDC note, in a move that demonstrates crypto’s potential to enter the $100 trillion global bond market. ...
Babel Finance Used Collateralized eNote on FQX’s Solana DApp via Fireblocks
May 19, 2022 – Zurich, Switzerland Babel Finance, a leading global crypto financial services provider, announced today that it has successfully issued the first collateralized USDC note via eNotes™, a...
Bitcoin Renaissance Likely in H2: Babel Finance
Battered bitcoin may take cues from growth stocks and chalk up a new bull run in the second half of the year. “After the market adjusts to the pace of the Fed’s rate hike, growth stocks an...