Genesis ceases trading in cryptocurrencies

Sep 15, 2023
Digital Currency Group (DCG) subsidiary Genesis announced that it will cease all trading operations. The reason for this decision is the bankruptcy of Three Arrows Capital and FTX.

Recall that last week the company announced the closure of its US office and the cessation of spot and derivatives trading operations through GGC International.

According to the official statement, this decision was taken voluntarily and for business reasons. With the termination of services from GGCI, Genesis will no longer offer trading instruments through any of its business entities. 

The decision is scheduled to take effect on 21 September at 5:00 p.m. ET.