Cryptocurrencies
Genesis Global Trading Granted BitLicense in New York State
- Permit was created by financial-services department in 2015
- Genesis had been operating under ‘safe harbor’ provision
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Genesis Global Trading, a cryptocurrency broker that specializes in large trades with institutional investors, gained approval to operate in New York under the state’s Department of Financial Services’ BitLicense program.
The regulatory approval is the first for a New York-based trading firm, Genesis said in a statement Thursday. The BitLicense will allow Genesis to facilitate the trading of Bitcoin, Ether, Ethereum Classic, Bitcoin Cash, XRP, Litecoin and Zcash. Genesis offers private over-the-counter trading to its customers.