Genesis Trading
Genesis Global Trading, Inc. was a New York based over the counter market maker and brokerage for digital assets and a wholly owned subsidiary of Digital Currency Group. It was registered as a broker dealer with the SEC and FINRA and held a New York BitLicense, and facilitated large volumes of institutional digital asset trading since 2013. The company voluntarily shut down its US spot crypto trading operations in September 2023. In January 2024 it agreed to pay an 8 million dollar penalty and surrender its BitLicense to the New York Department of Financial Services, and its website stated it was no longer an active business. Affiliated Genesis entities filed for Chapter 11 bankruptcy in January 2023 and completed their restructuring wind down in August 2024.