Genesis (cryptocurrency company)

Genesis
IndustryFinancial services
Founded2013; 11 years ago (2013)
FounderBarry Silbert
Area served
Worldwide
Key people
Derar Islim (interim CEO)
ParentDigital Currency Group
Websitegenesistrading.com

Genesis is a cryptocurrency intermediary for institutional investors, with Digital Currency Group (DCG) as its parent company.[1]

Genesis operates several businesses, including Genesis Global Trading, Inc. (“GGT”), Genesis Global Capital, LLC (“GGC”), Genesis Asia Pacific Pte. Ltd. (“GAP”), GGC International Limited (“GGCI”), and Genesis Custody Limited (“Genesis Custody”).[citation needed][2] Genesis Trading provides over-the-counter (OTC) trading services for large-volume digital assets transactions.[citation needed] Genesis' lending business offers institutional lending services to clients who want to borrow or lend digital assets.[citation needed]

Genesis filed for Chapter 11 bankruptcy on January 19, 2023, to request court protection to reorganize its digital assets lending and borrowing business.[3]

  1. ^ Cite error: The named reference bb20220706 was invoked but never defined (see the help page).
  2. ^ "Regulatory Information".
  3. ^ Cite error: The named reference cnbc20230119 was invoked but never defined (see the help page).