Company Information

Get to know genesis global trading

Founded in 2013 as one of the first OTC bitcoin trading desks, Genesis Global Trading grew into a full-service digital currency prime brokerage. A subsidiary of the Digital Currency Group (DCG), Genesis provided a single point of access for sophisticated market participants to trade, borrow, lend, and custody digital assets. The company served an institutional clientele, including hedge funds, family offices, and high-net-worth individuals. Following severe financial distress caused by the collapse of Three Arrows Capital and FTX, the company's lending arm, Genesis Global Capital, halted customer withdrawals in November 2022 and subsequently filed for Chapter 11 bankruptcy protection in January 2023.

Industry

Crypto BrokerPRIMARY
Financial Other Service

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genesis global trading

United States

Founded in

2015 (11 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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--/40

Reviews

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

Security Information :

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ASIC

Security Information

Warning

This company is currently Unproved.

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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.