Last Updated on September 15, 2023 by Bitfinsider
According to a spokeswoman, Genesis, the crypto-trading industry devastated by the collapses of Three Arrows Capital and FTX last year, has suspended all trading operations.
The company shut down its US desk last week, but the worldwide spot and derivatives trading operations are also ending, according to the spokeswoman.
The announcement adds, “Genesis has decided to discontinue offering digital asset spot and derivatives trading through GGC International, Ltd. (GGCI).”
“I made this decision voluntarily and for business reasons.” Genesis no longer provides trading services through any of its business entities as a result of the cessation of services from GGCI.”
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