Babel Tag

Source: Adobe/tieroCrypto-financial services provider Babel Finance claims to have reached certain “preliminary agreements” with “major” and “relevant” players on the repayment period of “some debts” – easing its short-term liquidity pressure.Per today’s notice by the company,“We have communicated with major counterparties and relevant customers, and reached preliminary agreements on the repayment period of

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 Kong-based crypto lender has stated that due to the ‘condition of the current crypto market, its fluctuations, and conductive risk factors faced by some institutions,’