DCG’s Genesis Global to Shut Down Crypto Spot Trading Operations
- Genesis’ British Virgin Islands entity remains ‘operational’
- Genesis lending entities filed for bankruptcy in January
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Genesis Global Trading, an affiliate of Barry Silbert’s Digital Currency Group, will wind down its spot trading crypto trading service as of Sept. 18 for “business reasons.”
Another of DCG’s related companies, crypto lender Genesis Global Holdco, filed for bankruptcy in January. At the time, DCG noted that the trading operation would “continue to operate business as usual.”