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Genesis Capital Finance
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Genesis Global Capital, LLC was a pioneering and one of the largest digital currency prime brokerages for institutional clients. A subsidiary of the Digital Currency Group (DCG), it provided a single point of access for trading, borrowing, lending, and custody of digital assets. The company's lending arm was a critical source of liquidity in the crypto market. However, it suffered catastrophic losses following the collapses of Three Arrows Capital in mid-2022 and FTX in late 2022, leading it to halt customer withdrawals in November 2022 and ultimately file for Chapter 11 bankruptcy protection in January 2023.
United States
Industry
Crypto
Financial