US-based Genesis Global Trading will eliminate its crypto spot trading service

Genesis Global Trading, an affiliate of the Digital Currency Group, will stop offering cryptocurrency spot trading services on Sept. 18.

Genesis Global Trading will close down its cryptocurrency spot trading service on Sept. 18, according to press reports. GGT is affiliated with the Digital Currency Group , but it was not affected when the parent company’s crypto lender, Genesis Global Capital, declared bankruptcy in January.“This decision was made voluntarily and for business reasons. We are working closely with regulatory authorities to coordinate an orderly discontinuation of services.

GGT began trading in 2013, according to its website. It is registered by the New York State Department of Financial Services. The DCG-affiliated GGC International will continue offering spot and derivatives trading services, Bloomberg said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Cointelegraph /  🏆 562. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Genesis Global Trading to Shutter Crypto Spot Trading DeskThe subsidiary had escaped parent company Genesis Global's lending-induced bankruptcy.
Read more »

Genesis Global Trading sunsets crypto spot trading platform: CoinDeskGenesis Global Trading will end stop its OTC trading platform on Sept. 18 and close any remaining accounts on Sept. 30.
Read more »

Global Standard Setters to Deliver Global Crypto Policy RoadmapThe Financial Stability Board and the International Monetary Fund are set to deliver a paper calling for global coordination on crypto policy at this weekend's G20 summit.
Read more »

Asia markets mixed in early trading; Australia and China data closely watched this weekAsian markets will be watching the Reserve Bank of Australia’s rate decision, as well as China’s inflation data later this week.
Read more »

AUD/USD now seen trading within a range bound themeAUD/USD is now expected to trade within the 0.6390-0.6525 range in the next few weeks, according to Economist Lee Sue Ann and Markets Strategist Quek
Read more »

Top 3 Gold Trading Strategies | Investing.comCommodities Analysis by Kathy Lien covering: XAU/USD, Gold Futures, SPDR® Gold Shares, ProShares UltraShort Gold. Read Kathy Lien's latest article on Investing.com
Read more »