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“Si bien la operativa de nuestros negocios de préstamos y trading no se vio afectada por los acontecimientos de mercado que se dieron recientemente, Genesis ha comenzado a dar los primeros pasos para fortalecer su balance con un aporte de capital adicional de US$140 millones por parte de la empresa
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Genesis trading announced on Nov. 10 that it will receive an additional equity infusion of $140 million from its parent company, Digital Currency Group. According to the company, this decision was made to “strengthen its balance sheet” and boost its “position as a global leader in crypto capital markets.”Genesis said
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“While the operation of our lending and trading businesses has not been impacted by recent market events, Genesis has taken steps to strengthen its balance sheet with an additional equity infusion of $140M from our parent company, Digital Currency Group,” Genesis told clients in an email, referring to the latest
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In what it hails as an effort to be transparent, Digital Currency Group’s market maker and lending subsidiary, Genesis Trading, revealed that its derivatives business has around $175 million worth of funds locked away in an FTX trading account.Genesis shared the news in a Nov. 10 tweet thread, in which
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The purchase will allow Amberdata to expand its decentralized finance (DeFi) products, offering support for protocols such as Friktion, Ribbon and Lyra, according to an announcement shared with CryptoX. The company's institutional clients include Citigroup (C), Fidelity and Nasdaq (NDAQ). Source
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Place/Date: - October 25th, 2022 at 3:12 pm UTC · 4 min read Contact: DK Mobile, Source: DK Mobile: Genesis Ltd, ITSBLOC Ltd. An MMORPG game that anyone can play for free. The first on-chain game of ITSBLOC. The gates will open on 26th of October, 5:00 AM
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Genesis’ cryptocurrency lending business revealed it had a large exposure to failed hedge fund Three Arrows Capital back in July of this year. Digital Currency Group, parent of both Genesis and CoinDesk, has assumed the entirety of a $1.2 billion claim, leaving Genesis with no outstanding liabilities tied to
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According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Grayscale Bitcoin Trust has terminated two agreements with cryptocurrency broker Genesis. First, Genesis will no longer assist Grayscale in the distribution and marketing of the latter's shares. Second, from Oct. 3 onwards, Genesis will no longer be
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“The way that we’ve structured all of those kinds of agreements is we can and, at some point, will perhaps access more liquidity providers,” he said. “Today, Genesis remains our sole liquidity provider and we’ve had nothing but a positive relationship with them, going back to 2013, so I can’t
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Ballensweig said in a tweet that he will remain an advisor to Genesis “for the foreseeable future.” He said he had already shifted his day-to-day responsibilities to colleagues to close out his five-year tenure at the Digital Currency Group-owned firm (CryptoX is a sister company). Source
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