About Babel Finance
Babel Finance is a crypto financial service provider, offering crypto lending, asset management, and prime financing to institutions and qualified investors worldwide. It was formerly known as Babel Bank. The company was founded in 2018 and is based in Hong Kong.
Babel Finance's Products & Differentiators
credit loans and collateral loans backed by Bitcoin and other mainstream cryptocurrencies, which provide clients with flexibility to access liquidity without forgoing crypto assets
Research containing Babel Finance
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Babel Finance in 2 CB Insights research briefs, most recently on May 26, 2022.
Expert Collections containing Babel Finance
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Babel Finance is included in 5 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
Companies in this collection build, apply, and analyze blockchain and cryptocurrency technologies for business or consumer use cases. Categories include blockchain infrastructure and development, crypto & DeFi, Web3, NFTs, gaming, supply chain, enterprise blockchain, and more.
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
Excludes US-based companies
Latest Babel Finance News
May 1, 2023
2 mins read The global crypto scene is never short of buzz, even when it comes to legal matters. For instance, Babel Finance has received a three-month extension of creditor protection from a court in Singapore. Meanwhile, there seems to be a bullish sentiment in the market for AltCoins like Cardano and Litecoin. This makes it the perfect time to invest in the up-and-coming SignUpToken.com , which is approaching its launch-but not quite yet. Read till the end to know more! Babel Finance Receives Aid From Singapore Court Babel Finance is a cryptocurrency lending service based in Singapore and has been in operation since 2018. Babel Finance’s lending service allows users to borrow cryptocurrency by collateralizing their assets, while it also provides services such as over-the-counter trading, market analysis, and custodial services. The firm suspended withdrawals in 2022 due to “unusual liquidity pressures” after the FTX debacle and subsequently filed a moratorium application to extend the period of reimbursement. However, one of the creditors, Deribit, objected and the court requested a detailed restructuring plan from the firm. Today, Babel Finance’s co-founder, Flex Yang, announced that the Singapore court approved the proposal for creditor protection extension, with the moratorium prolonged until July 21, 2023. Yang has returned to the company to examine the restructuring plan and aims to pay off the company’s $800 million debts. Cardano And Litecoin Make Gains During the week, Cardano (ADA) experienced a significant surge, with a rise of 11%. If the altcoin is bought more frequently, it could surpass the important resistance level of $0.48, which indicates a bullish sentiment. The value of Litecoin (LTC) is experiencing an upward momentum and has surpassed the $100 mark. If the coin can move past the resistance level of $105, its price may continue to rise. Currently, Litecoin is trading above $98 and is being supported by a positive trend line near the $100 mark on the 4-hour LTC/USD chart, as reported by Kraken. The 100 simple moving average for the same time frame is also above $98, indicating a potential bullish trend for Litecoin. SignUpToken.com inches Closer To 5000 Sign-Ups, Launch Imminent Signuptoken.com is a new cryptocurrency project that has become popular due to its unique presale approach. Interestingly, there is no actual sale involved in this presale. Users only need to provide their email address on the website to gain access to the Millionaire Club. Signuptoken.com has gained significant attention globally, with more than 4800 sign-ups so far and the numbers are only increasing. The project’s primary focus is on its ERC-20 token, which is technologically advanced. Once users sign up, they will receive email notifications about the token’s launch, as well as the launch of Signuptoken.com’s own Uniswap exchange. Do not miss out on this email, as it has the potential to change your life! With constant changes being made on the legal front of the global market, the crypto industry is slated to improve and grow. Altcoins in the market seem to be benefiting at the moment. Cardano and Litecoin testify to this, however, it remains to be seen if they can each maintain their momentum. Signuptoken.com, on the other hand, is a new player in the market but has gained traction due to its user-friendly interface and free-of-cost presale. By signing up now and inviting their friends, readers can benefit from the SignUpToken referral system and potentially be part of the next big thing in the crypto market. For More Info on Signuptoken.com:
Babel Finance Frequently Asked Questions (FAQ)
When was Babel Finance founded?
Babel Finance was founded in 2018.
Where is Babel Finance's headquarters?
Babel Finance's headquarters is located at Hong Kong.
What is Babel Finance's latest funding round?
Babel Finance's latest funding round is Loan.
How much did Babel Finance raise?
Babel Finance raised a total of $168M.
Who are the investors of Babel Finance?
Investors of Babel Finance include Zipmex, Dragonfly, BAI Capital, Circle Ventures, 10T Fund and 12 more.
Who are Babel Finance's competitors?
Competitors of Babel Finance include Grayscale Investments and 3 more.
What products does Babel Finance offer?
Babel Finance's products include Lending.
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