Genesis shuts down all crypto trading

[Hanno Labuschagne]

Genesis shuts down all crypto trading

Genesis will no longer offer cryptocurrency trading services through any of its business entities after halting spot and derivatives transactions through GGC International Ltd.

The affiliate of Barry Silbert’s Digital Currency Group was once one of the largest derivatives trading desks before another of the digital-asset conglomerate’s related companies, crypto-lender Genesis Global Holdco, filed for bankruptcy in January.

[Bloomberg]

 

[backstreetboy]

Time for Exodus…

 

[mypetcow]

This decision was made voluntarily and for business reasons

Aka we milked the idiots as much as we could and now the authorities are starting to look at us a little more closely