Digital Currency Group (DCG), the parent company of CryptoX is closing down its trade execution and prime brokerage services unit, TradeBlock, citing crypto winter and regulatory uncertainties. The shutdown of the unit, which provides trading services to institutional investors, will be effective as of May 31, a DCG spokesperson told CryptoX. TradeBlock was acquired in 2020 by CryptoX, and was later spun out as its own standalone business. CryptoX kept the index data operating from the deal, which was rebranded as CryptoX Indices, and “has proven to be a successful acquisition,” the spokesperson said. The story was first reported by Bloomberg.
Digital Currency Group (DCG) is Closing Down TradeBlock
