Company Information

Get to know Genesis finance group

Founded in 2013 as one of the first OTC Bitcoin trading desks, Genesis grew into a full-service digital currency prime brokerage. It provided a wide range of services to institutional clients and high-net-worth individuals, including OTC trading, derivatives, lending, and custody. As a subsidiary of the Digital Currency Group (DCG), Genesis was a central player in the institutional crypto market. However, the firm faced severe financial distress following the collapse of Three Arrows Capital (3AC) and FTX. In November 2022, its lending arm, Genesis Global Capital, suspended redemptions and new loan originations, which ultimately led the company to file for Chapter 11 bankruptcy protection in January 2023.

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Crypto BrokerPRIMARY
Financial Other Service

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Genesis finance group

Australia

Founded in

2000 (26 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Markets.com

(326 reviews)

United States

2008

(18 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.