Genesis annonce la cessation des services de trading de crypto-monnaies
Crypto lending firm Genesis, a subsidiary of Digital Currency Group (DCG), will stop offering spot and derivatives trading for crypto assets through its British Virgin Islands unit. According to a Sept. 14 statement from a Genesis spokesperson, the firm will “voluntarily and for business reasons” wind down its digital asset trading services through all of its entities. Genesis had been offering trading services through its Genesis Global Capital (GGC) international arm in the British Virgin Islands. The move follows Genesis Global Trading — a firm also affiliated with DCG but not subject to the same bankruptcy proceedings as Genesis Global Capital — announcing in January it would eliminate its crypto spot trading services under similar circumstances, i.e., “voluntarily and for business reasons.” GGCs international arm had still been offering spot and derivatives trading at the time. GGC halted withdrawals in November 2022, citing “unprecedented market turmoil” at the time. Reports from January suggested the firm could have laid off as much as 30% of its staff before it filed for Chapter 11 bankruptcy protection in New York. The Securities and Exchange Commission charged both cryptocurrency exchange Gemini and Genesis for offering unregistered securities through Geminis Earn program. The bankruptcy, legal and regulatory entanglements between








