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Distressed Crypto Lender Gets Debt Repayment Reprieve As It Battles For Survival

Hong Kong crypto lender Babel Finance suspends withdrawals amid slump

Babel had raised $80m in a funding round last month, valuing it at $2b.

Crypto asset manager Babel Finance reaches $2B valuation – TechCrunch

Despite recent swings in cryptocurrency values, many institutional investors appear undeterred. The growth of Babel Finance, which offers a suite of institution-facing crypto financial products, could be an indicator of how banks, investment funds, and other traditional investors are embracing the emerging digital asset class. Founded in 2018, Hong Kong-based Babel is newly valued at […]

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